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

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

Columbia Research Enhanced Emerging Economies ETF Price Performance

NYSEARCA ECON traded down $0.10 during trading hours on Monday, reaching $33.24. 11,094 shares of the company’s stock traded hands, compared to its average volume of 32,411. Columbia Research Enhanced Emerging Economies ETF has a 52-week low of $23.91 and a 52-week high of $38.18. The firm has a 50-day simple moving average of $35.22 and a 200 day simple moving average of $32.10. The firm has a market cap of $325.75 million, a PE ratio of 12.92 and a beta of 0.55.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ECON. Ameriprise Financial Inc. bought a new stake in shares of Columbia Research Enhanced Emerging Economies ETF during the 3rd quarter valued at $126,458,000. Bank of America Corp DE raised its position in Columbia Research Enhanced Emerging Economies ETF by 0.6% during the second quarter. Bank of America Corp DE now owns 453,265 shares of the company’s stock valued at $10,867,000 after purchasing an additional 2,547 shares during the period. Kingsview Wealth Management LLC purchased a new position in shares of Columbia Research Enhanced Emerging Economies ETF during the 4th quarter worth about $6,294,000. Jane Street Group LLC grew its position in Columbia Research Enhanced Emerging Economies ETF by 6.0% in the 2nd quarter. Jane Street Group LLC now owns 49,720 shares of the company’s stock valued at $1,192,000 after acquiring an additional 2,810 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in shares of Columbia Research Enhanced Emerging Economies ETF by 1.6% during the fourth quarter. Royal Bank of Canada now owns 35,962 shares of the company’s stock valued at $983,000 after acquiring an additional 574 shares in the last quarter.

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.