Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) Short Interest Update

Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 7,853 shares, a growth of 235.0% from the August 15th total of 2,344 shares. Based on an average trading volume of 14,348 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. MCF Advisors LLC purchased a new stake in shares of Columbia Research Enhanced Emerging Economies ETF in the second quarter worth $118,000. Integrated Wealth Concepts LLC bought a new stake in Columbia Research Enhanced Emerging Economies ETF during the second quarter valued at $136,000. Corient Private Wealth LP purchased a new position in Columbia Research Enhanced Emerging Economies ETF during the second quarter worth about $204,000. Karnit Road Accident Victims Compensation Fund purchased a new position in Columbia Research Enhanced Emerging Economies ETF during the fourth quarter worth about $238,000. Finally, Raymond James Financial Inc. increased its stake in Columbia Research Enhanced Emerging Economies ETF by 42,278.3% in the 3rd quarter. Raymond James Financial Inc. now owns 9,747 shares of the company’s stock worth $258,000 after acquiring an additional 9,724 shares during the last quarter.

Columbia Research Enhanced Emerging Economies ETF Stock Up 1.6%

NYSEARCA:ECON traded up $0.55 during mid-day trading on Friday, hitting $36.03. 56,403 shares of the stock traded hands, compared to its average volume of 34,876. The business’s 50-day moving average price is $34.66 and its 200 day moving average price is $33.36. The company has a market cap of $353.09 million, a PE ratio of 12.92 and a beta of 0.57. Columbia Research Enhanced Emerging Economies ETF has a 12-month low of $26.00 and a 12-month high of $38.18.

Columbia Research Enhanced Emerging Economies ETF Company Profile

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.