Columbia U.S. Equity Income ETF (NYSEARCA:EQIN) Short Interest Up 67.5% in August

Columbia U.S. Equity Income ETF (NYSEARCA:EQIN) was the recipient of a large increase in short interest in August. As of August 15th, there was short interest totaling 33,000 shares, anincreaseof67.5% from the July 31st total of 19,700 shares. Based on an average daily volume of 22,900 shares, the short-interest ratio is currently 1.4 days. Based on an average daily volume of 22,900 shares, the short-interest ratio is currently 1.4 days.

Columbia U.S. Equity Income ETF Stock Performance

Columbia U.S. Equity Income ETF stock traded down $0.07 during midday trading on Monday, reaching $45.66. 3,652 shares of the company’s stock were exchanged, compared to its average volume of 29,571. Columbia U.S. Equity Income ETF has a 52 week low of $40.51 and a 52 week high of $48.28. The firm has a market cap of $232.84 million, a price-to-earnings ratio of 17.92 and a beta of 0.86. The stock’s 50-day simple moving average is $45.37 and its 200 day simple moving average is $44.70.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC grew its position in Columbia U.S. Equity Income ETF by 26.8% during the 1st quarter. LPL Financial LLC now owns 641,959 shares of the company’s stock worth $29,376,000 after acquiring an additional 135,829 shares during the last quarter. Citadel Advisors LLC bought a new stake in Columbia U.S. Equity Income ETF during the fourth quarter valued at $1,894,000. KWB Wealth raised its holdings in shares of Columbia U.S. Equity Income ETF by 387.7% during the first quarter. KWB Wealth now owns 48,010 shares of the company’s stock valued at $2,129,000 after purchasing an additional 38,166 shares during the period. Raymond James Financial Inc. raised its holdings in shares of Columbia U.S. Equity Income ETF by 52.9% during the second quarter. Raymond James Financial Inc. now owns 95,499 shares of the company’s stock valued at $4,301,000 after purchasing an additional 33,025 shares during the period. Finally, Sowell Financial Services LLC raised its holdings in shares of Columbia U.S. Equity Income ETF by 18.1% in the 1st quarter. Sowell Financial Services LLC now owns 175,698 shares of the company’s stock worth $8,040,000 after acquiring an additional 26,984 shares during the last quarter.

About Columbia U.S. Equity Income ETF

The Columbia U.S. Equity Income ETF (EQIN) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed portfolio of dividend-paying US companies. The fund uses a proprietary, fundamental selection process with an exclusionary screen for ESG risk. EQIN was launched on Jun 13, 2016 and is issued by Columbia Threadneedle.