Short Interest in Columbia U.S. Equity Income ETF (NYSEARCA:EQIN) Declines By 42.3%

Columbia U.S. Equity Income ETF (NYSEARCA:EQIN) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 24,086 shares, a drop of 42.3% from the June 30th total of 41,762 shares. Based on an average trading volume of 20,537 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.4% of the company’s stock are sold short.

Institutional Trading of Columbia U.S. Equity Income ETF

Several hedge funds have recently modified their holdings of the company. Western Wealth Management LLC purchased a new position in shares of Columbia U.S. Equity Income ETF in the 1st quarter worth approximately $49,000. Global Retirement Partners LLC boosted its stake in Columbia U.S. Equity Income ETF by 54.6% in the fourth quarter. Global Retirement Partners LLC now owns 1,580 shares of the company’s stock valued at $75,000 after acquiring an additional 558 shares in the last quarter. Northwest Wealth Advisors LLC acquired a new stake in Columbia U.S. Equity Income ETF in the first quarter valued at approximately $226,000. Keudell Morrison Wealth Management purchased a new position in Columbia U.S. Equity Income ETF in the fourth quarter worth $254,000. Finally, Envestnet Asset Management Inc. increased its position in shares of Columbia U.S. Equity Income ETF by 36.4% during the third quarter. Envestnet Asset Management Inc. now owns 7,633 shares of the company’s stock worth $356,000 after purchasing an additional 2,037 shares in the last quarter.

Columbia U.S. Equity Income ETF Stock Down 0.4%

Shares of NYSEARCA EQIN traded down $0.22 during mid-day trading on Wednesday, reaching $53.52. 8,595 shares of the company were exchanged, compared to its average volume of 17,379. The stock has a market cap of $305.06 million, a price-to-earnings ratio of 17.92 and a beta of 0.71. Columbia U.S. Equity Income ETF has a 1 year low of $44.01 and a 1 year high of $53.85. The firm has a 50-day moving average of $51.78 and a 200 day moving average of $50.52.

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.