Short Interest in Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) Expands By 51.0%

Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 6,705 shares, an increase of 51.0% from the July 15th total of 4,440 shares. Based on an average daily volume of 10,596 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On Columbia Research Enhanced Emerging Economies ETF

Several institutional investors and hedge funds have recently made changes to their positions in ECON. Bank of America Corp DE increased its holdings in Columbia Research Enhanced Emerging Economies ETF by 5.8% in the first quarter. Bank of America Corp DE now owns 451,944 shares of the company’s stock worth $12,989,000 after purchasing an additional 24,745 shares in the last quarter. Royal Bank of Canada lifted its stake in Columbia Research Enhanced Emerging Economies ETF by 1.6% in the fourth quarter. Royal Bank of Canada now owns 35,962 shares of the company’s stock valued at $983,000 after buying an additional 574 shares during the period. Karnit Road Accident Victims Compensation Fund bought a new position in shares of Columbia Research Enhanced Emerging Economies ETF during the 4th quarter worth approximately $238,000. CIBC Private Wealth Group LLC boosted its holdings in shares of Columbia Research Enhanced Emerging Economies ETF by 11.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 27,349 shares of the company’s stock worth $747,000 after buying an additional 2,714 shares in the last quarter. Finally, Kingsview Wealth Management LLC acquired a new stake in shares of Columbia Research Enhanced Emerging Economies ETF during the 4th quarter worth approximately $6,294,000.

Columbia Research Enhanced Emerging Economies ETF Price Performance

Shares of ECON traded down $0.76 during trading hours on Tuesday, hitting $34.62. 389 shares of the stock were exchanged, compared to its average volume of 35,673. Columbia Research Enhanced Emerging Economies ETF has a fifty-two week low of $24.58 and a fifty-two week high of $38.18. The business has a 50-day moving average of $34.83 and a 200-day moving average of $32.69. The firm has a market capitalization of $339.28 million, a P/E ratio of 12.92 and a beta of 0.56.

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.