Columbia EM Core ex-China ETF (NYSEARCA:XCEM) Short Interest Down 34.7% in July

Columbia EM Core ex-China ETF (NYSEARCA:XCEM) was the recipient of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 65,344 shares, a decrease of 34.7% from the June 30th total of 100,045 shares. Based on an average trading volume of 189,762 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Highland Financial Advisors LLC lifted its position in Columbia EM Core ex-China ETF by 8.2% during the 2nd quarter. Highland Financial Advisors LLC now owns 190,599 shares of the company’s stock worth $10,079,000 after buying an additional 14,433 shares in the last quarter. IFC & Insurance Marketing Inc. grew its holdings in shares of Columbia EM Core ex-China ETF by 6.3% in the 2nd quarter. IFC & Insurance Marketing Inc. now owns 43,948 shares of the company’s stock valued at $2,324,000 after acquiring an additional 2,592 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Columbia EM Core ex-China ETF by 5.1% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 1,008,740 shares of the company’s stock valued at $53,342,000 after acquiring an additional 48,898 shares in the last quarter. Western Wealth Management LLC increased its position in shares of Columbia EM Core ex-China ETF by 1.8% in the first quarter. Western Wealth Management LLC now owns 22,126 shares of the company’s stock valued at $903,000 after acquiring an additional 383 shares during the last quarter. Finally, Essential Partners LLC increased its position 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 valued at $393,000 after acquiring an additional 5,093 shares during the last quarter.

Columbia EM Core ex-China ETF Price Performance

Shares of XCEM traded up $0.40 during mid-day trading on Friday, hitting $47.39. 112,867 shares of the company’s stock were exchanged, compared to its average volume of 230,943. The company has a market cap of $1.90 billion, a PE ratio of 14.14 and a beta of 0.89. Columbia EM Core ex-China ETF has a 52 week low of $33.76 and a 52 week high of $55.43. The company has a 50-day simple moving average of $50.67 and a 200 day simple moving average of $46.23.

Columbia EM Core ex-China ETF Company Profile

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.