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

Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) was the recipient of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 2,371 shares, a drop of 89.1% from the May 14th total of 21,829 shares. Based on an average daily volume of 14,915 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On Columbia Research Enhanced Emerging Economies ETF

A number of hedge funds and other institutional investors have recently modified their holdings of ECON. Ameriprise Financial Inc. purchased a new stake in shares of Columbia Research Enhanced Emerging Economies ETF during the third quarter worth about $126,458,000. Kingsview Wealth Management LLC purchased a new stake in shares of Columbia Research Enhanced Emerging Economies ETF during the fourth quarter worth about $6,294,000. Bank of America Corp DE grew its holdings in shares of Columbia Research Enhanced Emerging Economies ETF by 5.8% during the first quarter. Bank of America Corp DE now owns 451,944 shares of the company’s stock worth $12,989,000 after buying an additional 24,745 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of Columbia Research Enhanced Emerging Economies ETF during the third quarter worth about $653,000. Finally, Jane Street Group LLC grew its holdings in shares of Columbia Research Enhanced Emerging Economies ETF by 54.3% during the first quarter. Jane Street Group LLC now owns 46,910 shares of the company’s stock worth $1,022,000 after buying an additional 16,512 shares in the last quarter.

Columbia Research Enhanced Emerging Economies ETF Price Performance

ECON traded down $0.60 during midday trading on Wednesday, reaching $34.13. 12,802 shares of the company’s stock were exchanged, compared to its average volume of 38,429. The stock has a market capitalization of $348.13 million, a PE ratio of 12.92 and a beta of 0.55. The business’s 50-day moving average price is $32.89 and its 200 day moving average price is $30.24. Columbia Research Enhanced Emerging Economies ETF has a 1-year low of $22.98 and a 1-year high of $37.45.

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.