Columbia EM Core ex-China ETF (NYSEARCA:XCEM) Sees Significant Drop in Short Interest

Columbia EM Core ex-China ETF (NYSEARCA:XCEM) saw a significant drop in short interest in May. As of May 15th, there was short interest totaling 56,104 shares, a drop of 57.3% from the April 30th total of 131,475 shares. Based on an average trading volume of 210,353 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Columbia EM Core ex-China ETF

Large investors have recently added to or reduced their stakes in the company. Essential Partners LLC increased its holdings in shares of Columbia EM Core ex-China ETF by 112.6% during the first quarter. Essential Partners LLC now owns 9,618 shares of the company’s stock valued at $393,000 after purchasing an additional 5,093 shares during the period. Western Wealth Management LLC grew its holdings in Columbia EM Core ex-China ETF by 1.8% during the first quarter. Western Wealth Management LLC now owns 22,126 shares of the company’s stock worth $903,000 after acquiring an additional 383 shares during the period. Bank of America Corp DE grew its holdings in Columbia EM Core ex-China ETF by 10.2% during the first quarter. Bank of America Corp DE now owns 3,427,623 shares of the company’s stock worth $139,881,000 after acquiring an additional 318,012 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Columbia EM Core ex-China ETF by 23.9% during the first quarter. EverSource Wealth Advisors LLC now owns 16,079 shares of the company’s stock worth $656,000 after acquiring an additional 3,106 shares during the period. Finally, Royal Bank of Canada grew its holdings in Columbia EM Core ex-China ETF by 494.3% during the first quarter. Royal Bank of Canada now owns 230,847 shares of the company’s stock worth $9,421,000 after acquiring an additional 192,002 shares during the period.

Columbia EM Core ex-China ETF Stock Performance

Shares of Columbia EM Core ex-China ETF stock remained flat at $53.43 on Tuesday. The stock had a trading volume of 196,420 shares, compared to its average volume of 248,268. The firm has a market capitalization of $2.01 billion, a PE ratio of 14.14 and a beta of 0.87. The business’s 50-day simple moving average is $46.14 and its 200-day simple moving average is $42.47. Columbia EM Core ex-China ETF has a 12 month low of $31.77 and a 12 month high of $53.69.

About Columbia EM Core ex-China ETF

The Columbia EM Core ex-China ETF (XCEM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market-cap-weighted index that provides broad equity exposure to emerging markets excluding China. XCEM was launched on Sep 2, 2015 and is managed by Columbia.