Short Interest in Columbia EM Core ex-China ETF (NYSEARCA:XCEM) Rises By 258.5%

Columbia EM Core ex-China ETF (NYSEARCA:XCEM) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 201,109 shares, a growth of 258.5% from the May 14th total of 56,104 shares. Based on an average daily trading volume, of 187,050 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.5% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Essential Partners LLC raised its stake in shares of Columbia EM Core ex-China ETF by 112.6% in the first quarter. Essential Partners LLC now owns 9,618 shares of the company’s stock worth $393,000 after buying an additional 5,093 shares during the period. Western Wealth Management LLC raised its stake in Columbia EM Core ex-China ETF by 1.8% during the 1st quarter. Western Wealth Management LLC now owns 22,126 shares of the company’s stock valued at $903,000 after purchasing an additional 383 shares during the period. Bank of America Corp DE raised its stake in Columbia EM Core ex-China ETF by 10.2% during the 1st quarter. Bank of America Corp DE now owns 3,427,623 shares of the company’s stock valued at $139,881,000 after purchasing an additional 318,012 shares during the period. EverSource Wealth Advisors LLC raised its stake in Columbia EM Core ex-China ETF by 23.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 16,079 shares of the company’s stock valued at $656,000 after purchasing an additional 3,106 shares during the period. Finally, Royal Bank of Canada raised its stake in Columbia EM Core ex-China ETF by 494.3% during the 1st quarter. Royal Bank of Canada now owns 230,847 shares of the company’s stock valued at $9,421,000 after purchasing an additional 192,002 shares during the period.

Columbia EM Core ex-China ETF Stock Performance

Shares of NYSEARCA XCEM traded up $0.13 during trading on Friday, hitting $51.72. The company had a trading volume of 189,291 shares, compared to its average volume of 246,457. The stock has a 50 day simple moving average of $48.07 and a 200 day simple moving average of $43.28. Columbia EM Core ex-China ETF has a 12 month low of $32.57 and a 12 month high of $53.73. The firm has a market capitalization of $1.94 billion, a P/E ratio of 14.14 and a beta of 0.89.

About Columbia EM Core ex-China ETF

The Columbia EM Core ex-China ETF (XCEM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market-cap-weighted index that provides broad equity exposure to emerging markets excluding China. XCEM was launched on Sep 2, 2015 and is managed by Columbia.