Short Interest in Columbia U.S. Equity Income ETF (NYSEARCA:EQIN) Decreases By 56.2%

Columbia U.S. Equity Income ETF (NYSEARCA:EQIN) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 19,833 shares, a drop of 56.2% from the May 31st total of 45,230 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 15,526 shares, the short-interest ratio is presently 1.3 days.

Institutional Investors Weigh In On Columbia U.S. Equity Income ETF

A number of institutional investors have recently bought and sold shares of the business. Western Wealth Management LLC acquired a new position in shares of Columbia U.S. Equity Income ETF in the 1st quarter valued at about $49,000. Global Retirement Partners LLC boosted its holdings in shares of Columbia U.S. Equity Income ETF by 54.6% during the fourth quarter. Global Retirement Partners LLC now owns 1,580 shares of the company’s stock worth $75,000 after purchasing an additional 558 shares during the period. Northwest Wealth Advisors LLC acquired a new stake in shares of Columbia U.S. Equity Income ETF during the first quarter worth approximately $226,000. Keudell Morrison Wealth Management purchased a new position in Columbia U.S. Equity Income ETF during the fourth quarter valued at approximately $254,000. Finally, Mcdonald Partners LLC purchased a new position in Columbia U.S. Equity Income ETF during the third quarter valued at approximately $305,000.

Columbia U.S. Equity Income ETF Stock Performance

Shares of EQIN stock traded up $0.46 on Wednesday, reaching $51.76. 42,003 shares of the company’s stock traded hands, compared to its average volume of 17,948. Columbia U.S. Equity Income ETF has a 12-month low of $44.01 and a 12-month high of $52.50. The company has a market capitalization of $284.68 million, a P/E ratio of 17.92 and a beta of 0.71. The business’s 50 day moving average price is $50.79 and its two-hundred day moving average price is $49.87.

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.