Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) Sees Significant Decrease in Short Interest

Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 4,440 shares, a decrease of 68.6% from the June 30th total of 14,148 shares. Based on an average daily volume of 11,581 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Trading of Columbia Research Enhanced Emerging Economies ETF

Several hedge funds have recently added to or reduced their stakes in ECON. Karnit Road Accident Victims Compensation Fund purchased a new position in Columbia Research Enhanced Emerging Economies ETF in the fourth quarter worth approximately $238,000. Raymond James Financial Inc. increased its position in shares of Columbia Research Enhanced Emerging Economies ETF by 42,278.3% in the 3rd quarter. Raymond James Financial Inc. now owns 9,747 shares of the company’s stock valued at $258,000 after purchasing an additional 9,724 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of Columbia Research Enhanced Emerging Economies ETF in the 3rd quarter valued at approximately $653,000. CIBC Private Wealth Group LLC raised its holdings in shares of Columbia Research Enhanced Emerging Economies ETF by 11.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 27,349 shares of the company’s stock valued at $747,000 after purchasing an additional 2,714 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of Columbia Research Enhanced Emerging Economies ETF by 1.6% in the 4th quarter. Royal Bank of Canada now owns 35,962 shares of the company’s stock valued at $983,000 after purchasing an additional 574 shares in the last quarter.

Columbia Research Enhanced Emerging Economies ETF Price Performance

ECON stock opened at $33.34 on Friday. The business’s 50-day moving average is $35.22 and its two-hundred day moving average is $32.08. The firm has a market capitalization of $326.73 million, a P/E ratio of 12.92 and a beta of 0.55. Columbia Research Enhanced Emerging Economies ETF has a 1 year low of $23.91 and a 1 year high of $38.18.

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.