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 during the month of July. As of July 31st, there was short interest totaling 6,705 shares, a growth of 51.0% from the July 15th total of 4,440 shares. Based on an average trading volume of 10,596 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Karnit Road Accident Victims Compensation Fund bought a new stake in shares of Columbia Research Enhanced Emerging Economies ETF in the 4th quarter valued at $238,000. Raymond James Financial Inc. raised its stake in Columbia Research Enhanced Emerging Economies ETF by 42,278.3% during the third quarter. Raymond James Financial Inc. now owns 9,747 shares of the company’s stock worth $258,000 after buying an additional 9,724 shares during the last quarter. CIBC Bancorp USA Inc. bought a new position in Columbia Research Enhanced Emerging Economies ETF during the third quarter worth $653,000. CIBC Private Wealth Group LLC raised its stake in Columbia Research Enhanced Emerging Economies ETF by 11.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 27,349 shares of the company’s stock worth $747,000 after buying an additional 2,714 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in Columbia Research Enhanced Emerging Economies ETF by 1.6% in the fourth quarter. Royal Bank of Canada now owns 35,962 shares of the company’s stock valued at $983,000 after buying an additional 574 shares during the period.

Columbia Research Enhanced Emerging Economies ETF Price Performance

Shares of ECON stock opened at $34.69 on Thursday. The business’s 50 day simple moving average is $34.84 and its 200 day simple moving average is $32.75. Columbia Research Enhanced Emerging Economies ETF has a one year low of $24.58 and a one year high of $38.18. The stock has a market capitalization of $339.96 million, a PE ratio of 12.92 and a beta of 0.56.

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.