Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) Sees Significant Drop in Short Interest

Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 11,222 shares, a drop of 63.1% from the April 15th total of 30,411 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 17,681 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Columbia Research Enhanced Emerging Economies ETF

Several hedge funds have recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC raised its stake in Columbia Research Enhanced Emerging Economies ETF by 1.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 24,635 shares of the company’s stock worth $653,000 after buying an additional 377 shares during the period. Royal Bank of Canada raised its stake in Columbia Research Enhanced Emerging Economies ETF by 1.6% during the 4th quarter. Royal Bank of Canada now owns 35,962 shares of the company’s stock worth $983,000 after buying an additional 574 shares during the period. Bank of America Corp DE raised its stake in Columbia Research Enhanced Emerging Economies ETF by 0.6% during the 2nd quarter. Bank of America Corp DE now owns 453,265 shares of the company’s stock worth $10,867,000 after buying an additional 2,547 shares during the period. Jane Street Group LLC raised its stake in Columbia Research Enhanced Emerging Economies ETF by 6.0% during the 2nd quarter. Jane Street Group LLC now owns 49,720 shares of the company’s stock worth $1,192,000 after buying an additional 2,810 shares during the period. Finally, Karnit Road Accident Victims Compensation Fund acquired a new stake in Columbia Research Enhanced Emerging Economies ETF during the 4th quarter worth $238,000.

Columbia Research Enhanced Emerging Economies ETF Stock Down 3.0%

Columbia Research Enhanced Emerging Economies ETF stock traded down $1.05 during mid-day trading on Friday, hitting $33.51. 6,415 shares of the company’s stock were exchanged, compared to its average volume of 43,130. The firm has a market capitalization of $341.80 million, a P/E ratio of 12.92 and a beta of 0.52. Columbia Research Enhanced Emerging Economies ETF has a fifty-two week low of $22.44 and a fifty-two week high of $35.12. The company’s 50 day simple moving average is $30.77 and its 200-day simple moving average is $29.32.

About Columbia Research Enhanced Emerging Economies ETF

The Columbia Emerging Markets Consumer ETF (ECON) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index of 60 emerging-market companies in consumer-oriented sectors. ECON was launched on Sep 14, 2010 and is managed by Columbia.