Columbia U.S. Equity Income ETF (NYSEARCA:EQIN) Sees Significant Growth in Short Interest

Columbia U.S. Equity Income ETF (NYSEARCA:EQIN) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 380,619 shares, a growth of 1,396.7% from the August 15th total of 25,431 shares. Based on an average daily trading volume, of 12,345 shares, the short-interest ratio is presently 30.8 days. Approximately 6.6% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC boosted its holdings in shares of Columbia U.S. Equity Income ETF by 94.5% in the 3rd quarter. NewEdge Advisors LLC now owns 128,020 shares of the company’s stock valued at $5,977,000 after buying an additional 62,203 shares during the last quarter. Stifel Financial Corp increased its holdings in Columbia U.S. Equity Income ETF by 43.4% during the fourth quarter. Stifel Financial Corp now owns 171,604 shares of the company’s stock worth $8,149,000 after buying an additional 51,946 shares during the last quarter. Cetera Investment Advisers raised its position in Columbia U.S. Equity Income ETF by 125.9% during the fourth quarter. Cetera Investment Advisers now owns 73,184 shares of the company’s stock worth $3,476,000 after acquiring an additional 40,785 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Columbia U.S. Equity Income ETF by 316.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 49,210 shares of the company’s stock worth $2,337,000 after acquiring an additional 37,392 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its stake in Columbia U.S. Equity Income ETF by 52.9% in the second quarter. Raymond James Financial Inc. now owns 95,499 shares of the company’s stock valued at $4,301,000 after acquiring an additional 33,025 shares during the last quarter.

Columbia U.S. Equity Income ETF Trading Down 0.2%

Shares of NYSEARCA EQIN traded down $0.09 during mid-day trading on Thursday, hitting $53.83. The company had a trading volume of 20,624 shares, compared to its average volume of 16,851. The firm has a 50-day simple moving average of $53.52 and a two-hundred day simple moving average of $51.44. The company has a market capitalization of $312.21 million, a PE ratio of 17.92 and a beta of 0.71. Columbia U.S. Equity Income ETF has a one year low of $45.33 and a one year high of $56.20.

About Columbia U.S. Equity Income ETF

The Columbia U.S. Equity Income ETF (EQIN) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed portfolio of dividend-paying US companies. The fund uses a proprietary, fundamental selection process with an exclusionary screen for ESG risk. EQIN was launched on Jun 13, 2016 and is issued by Columbia Threadneedle.