Columbia Research Enhanced Core ETF (NYSEARCA:RECS) Sees Large Increase in Short Interest

Columbia Research Enhanced Core ETF (NYSEARCA:RECS) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 94,084 shares, an increase of 139.1% from the September 15th total of 39,355 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 480,427 shares, the days-to-cover ratio is presently 0.2 days.

Columbia Research Enhanced Core ETF Stock Performance

Shares of NYSEARCA RECS traded down $0.39 during midday trading on Wednesday, hitting $45.53. 744,686 shares of the company traded hands, compared to its average volume of 565,525. Columbia Research Enhanced Core ETF has a 12-month low of $37.79 and a 12-month high of $46.03. The stock has a 50-day moving average price of $45.37 and a 200 day moving average price of $43.66. The firm has a market cap of $6.16 billion, a P/E ratio of 22.01 and a beta of 0.92.

Institutional Investors Weigh In On Columbia Research Enhanced Core ETF

Several hedge funds have recently bought and sold shares of RECS. Community Financial Services Group LLC purchased a new position in shares of Columbia Research Enhanced Core ETF during the second quarter valued at approximately $63,000. Barnes Pettey Financial Advisors LLC bought a new stake in shares of Columbia Research Enhanced Core ETF in the 1st quarter worth approximately $206,000. Apollon Financial LLC purchased a new stake in shares of Columbia Research Enhanced Core ETF in the 1st quarter worth approximately $238,000. Aire Advisors LLC purchased a new stake in shares of Columbia Research Enhanced Core ETF in the 1st quarter worth approximately $249,000. Finally, Envestnet Portfolio Solutions Inc. grew its stake in shares of Columbia Research Enhanced Core ETF by 7.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 7,440 shares of the company’s stock worth $322,000 after buying an additional 523 shares during the last quarter.

About Columbia Research Enhanced Core ETF

The Columbia Research Enhanced Core ETF (RECS) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US stocks pulled from the Russell 1000. The index uses multifactor selection and market cap weighting. RECS was launched on Sep 25, 2019 and is managed by Columbia.