Columbia U.S. Equity Income ETF (NYSEARCA:EQIN) Stock Short Interest Declines 93.7%

Columbia U.S. Equity Income ETF (NYSEARCA:EQIN) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 23,998 shares, a drop of 93.7% from the August 31st total of 380,619 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 19,674 shares, the days-to-cover ratio is presently 1.2 days.

Columbia U.S. Equity Income ETF Stock Performance

EQIN stock traded down $0.10 during trading on Thursday, reaching $52.16. 10,200 shares of the company were exchanged, compared to its average volume of 16,732. The company has a market cap of $307.74 million, a P/E ratio of 17.92 and a beta of 0.71. Columbia U.S. Equity Income ETF has a 52-week low of $45.33 and a 52-week high of $56.20. The stock’s 50 day moving average price is $53.71 and its 200 day moving average price is $51.65.

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

A number of hedge funds and other institutional investors have recently modified their holdings of EQIN. Cetera Investment Advisers boosted its stake in shares of Columbia U.S. Equity Income ETF by 28.6% during the 1st quarter. Cetera Investment Advisers now owns 94,141 shares of the company’s stock worth $4,627,000 after acquiring an additional 20,957 shares in the last quarter. Cornerstone Financial Management LLC increased its stake in Columbia U.S. Equity Income ETF by 6.2% in the 2nd quarter. Cornerstone Financial Management LLC now owns 27,466 shares of the company’s stock valued at $1,409,000 after purchasing an additional 1,603 shares in the last quarter. Axis Wealth Partners LLC raised its holdings in Columbia U.S. Equity Income ETF by 1.9% during the first quarter. Axis Wealth Partners LLC now owns 26,091 shares of the company’s stock worth $1,282,000 after purchasing an additional 489 shares during the last quarter. Ascentis Independent Advisors raised its holdings in Columbia U.S. Equity Income ETF by 36.9% during the first quarter. Ascentis Independent Advisors now owns 15,624 shares of the company’s stock worth $768,000 after purchasing an additional 4,215 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new stake in Columbia U.S. Equity Income ETF during the second quarter worth $365,000.

Columbia U.S. Equity Income ETF Company Profile

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.