Columbia EM Core ex-China ETF (NYSEARCA:XCEM) Sees Significant Decrease in Short Interest

Columbia EM Core ex-China ETF (NYSEARCA:XCEM) saw a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 100,045 shares, a drop of 55.4% from the June 15th total of 224,248 shares. Based on an average daily trading volume, of 201,428 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.3% of the company’s stock are short sold.

Columbia EM Core ex-China ETF Trading Down 0.6%

Shares of XCEM stock traded down $0.30 during trading hours on Wednesday, reaching $49.49. 150,462 shares of the company’s stock were exchanged, compared to its average volume of 238,709. Columbia EM Core ex-China ETF has a 1 year low of $33.76 and a 1 year high of $55.43. The stock has a market cap of $1.97 billion, a PE ratio of 14.14 and a beta of 0.89. The stock’s fifty day moving average price is $51.06 and its two-hundred day moving average price is $45.56.

Institutional Investors Weigh In On Columbia EM Core ex-China ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada raised its stake in Columbia EM Core ex-China ETF by 3,953.0% in the 1st quarter. Royal Bank of Canada now owns 45,637 shares of the company’s stock worth $1,348,000 after acquiring an additional 44,511 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Columbia EM Core ex-China ETF by 4.2% in the first quarter. NewEdge Advisors LLC now owns 40,720 shares of the company’s stock valued at $1,203,000 after purchasing an additional 1,649 shares during the period. Goldman Sachs Group Inc. acquired a new position in shares of Columbia EM Core ex-China ETF in the first quarter valued at about $349,000. EverSource Wealth Advisors LLC purchased a new position in shares of Columbia EM Core ex-China ETF in the second quarter worth about $129,000. Finally, Qube Research & Technologies Ltd lifted its holdings in shares of Columbia EM Core ex-China ETF by 11.0% during the second quarter. Qube Research & Technologies Ltd now owns 7,942 shares of the company’s stock worth $271,000 after purchasing an additional 785 shares during the period.

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.