Short Interest in Columbia India Consumer ETF (NYSEARCA:INCO) Decreases By 33.3%

Columbia India Consumer ETF (NYSEARCA:INCO) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 21,505 shares, a drop of 33.3% from the July 30th total of 32,241 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 12,667 shares, the days-to-cover ratio is currently 1.7 days.

Columbia India Consumer ETF Stock Down 0.6%

Shares of NYSEARCA:INCO traded down $0.38 during trading on Tuesday, hitting $61.55. 9,567 shares of the stock traded hands, compared to its average volume of 41,391. The company has a market cap of $233.89 million, a price-to-earnings ratio of 39.45 and a beta of 0.44. The company has a fifty day moving average price of $60.82 and a two-hundred day moving average price of $59.61. Columbia India Consumer ETF has a 52-week low of $53.19 and a 52-week high of $68.02.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in INCO. Sankala Group LLC acquired a new position in shares of Columbia India Consumer ETF in the fourth quarter worth about $50,000. Geneos Wealth Management Inc. boosted its stake in shares of Columbia India Consumer ETF by 200.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 900 shares of the company’s stock worth $54,000 after acquiring an additional 600 shares in the last quarter. Flagship Wealth Advisors LLC purchased a new stake in shares of Columbia India Consumer ETF during the 1st quarter worth about $66,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Columbia India Consumer ETF by 366.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,218 shares of the company’s stock valued at $79,000 after acquiring an additional 957 shares during the period. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Columbia India Consumer ETF during the 4th quarter valued at about $118,000.

Columbia India Consumer ETF Company Profile

The Columbia India Consumer ETF (INCO) is an exchange-traded fund that is based on the INDXX India Consumer index, a market-cap-weighted index of 30 Indian consumer-sector stocks listed on the National Stock Exchange or the Bombay Stock Exchange. INCO was launched on Aug 10, 2011 and is managed by Columbia.