Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) Sees Large Drop in Short Interest

Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) saw a large decline in short interest in September. As of September 15th, there was short interest totaling 3,819 shares, a decline of 51.4% from the August 31st total of 7,853 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 33,133 shares, the days-to-cover ratio is presently 0.1 days.

Columbia Research Enhanced Emerging Economies ETF Trading Up 0.1%

NYSEARCA:ECON traded up $0.03 during trading hours on Tuesday, reaching $35.75. 12,147 shares of the company were exchanged, compared to its average volume of 33,318. The firm has a market cap of $318.18 million, a PE ratio of 12.92 and a beta of 0.57. Columbia Research Enhanced Emerging Economies ETF has a twelve month low of $26.08 and a twelve month high of $38.18. The stock’s 50-day moving average is $34.96 and its 200-day moving average is $33.77.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ECON. Bank of America Corp DE raised its holdings in shares of Columbia Research Enhanced Emerging Economies ETF by 5.8% during the first quarter. Bank of America Corp DE now owns 451,944 shares of the company’s stock valued at $12,989,000 after acquiring an additional 24,745 shares during the last quarter. Karnit Road Accident Victims Compensation Fund acquired a new stake in shares of Columbia Research Enhanced Emerging Economies ETF in the fourth quarter worth approximately $238,000. Corient Private Wealth LP purchased a new stake in shares of Columbia Research Enhanced Emerging Economies ETF during the second quarter worth approximately $204,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Columbia Research Enhanced Emerging Economies ETF during the second quarter worth approximately $136,000. Finally, MCF Advisors LLC acquired a new position in Columbia Research Enhanced Emerging Economies ETF in the 2nd quarter valued at $118,000.

About Columbia Research Enhanced Emerging Economies ETF

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.