Columbia U.S. Equity Income ETF (NYSEARCA:EQIN) Shares Shorted: Short Interest Down 93.7% in September

Columbia U.S. Equity Income ETF (NYSEARCA:EQIN) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totaling 23,998 shares, a drop of 93.7% from the August 31st total of 380,619 shares. Based on an average daily volume of 19,674 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.4% of the company’s shares are sold short.

Hedge Funds Weigh In On Columbia U.S. Equity Income ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC acquired a new position in shares of Columbia U.S. Equity Income ETF in the 2nd quarter worth approximately $365,000. Cornerstone Financial Management LLC raised its position in shares of Columbia U.S. Equity Income ETF by 6.2% in the 2nd quarter. Cornerstone Financial Management LLC now owns 27,466 shares of the company’s stock worth $1,409,000 after acquiring an additional 1,603 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Columbia U.S. Equity Income ETF in the 2nd quarter valued at about $294,000. Western Wealth Management LLC acquired a new stake in Columbia U.S. Equity Income ETF during the first quarter worth approximately $49,000. Finally, Cetera Investment Advisers increased its holdings in Columbia U.S. Equity Income ETF by 28.6% in the first quarter. Cetera Investment Advisers now owns 94,141 shares of the company’s stock worth $4,627,000 after purchasing an additional 20,957 shares in the last quarter.

Columbia U.S. Equity Income ETF Stock Performance

Shares of NYSEARCA:EQIN traded down $0.23 during midday trading on Friday, hitting $51.93. 5,189 shares of the stock were exchanged, compared to its average volume of 16,667. The business’s 50-day moving average price is $53.71 and its 200 day moving average price is $51.65. Columbia U.S. Equity Income ETF has a 12 month low of $45.33 and a 12 month high of $56.20. The stock has a market capitalization of $306.39 million, a price-to-earnings ratio of 17.92 and a beta of 0.71.

Columbia U.S. Equity Income ETF Company Profile

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.