Short Interest in Columbia U.S. Equity Income ETF (NYSEARCA:EQIN) Drops By 56.2%

Columbia U.S. Equity Income ETF (NYSEARCA:EQIN) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 19,833 shares, a drop of 56.2% from the May 31st total of 45,230 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 15,526 shares, the short-interest ratio is currently 1.3 days.

Columbia U.S. Equity Income ETF Price Performance

Columbia U.S. Equity Income ETF stock opened at $51.71 on Monday. Columbia U.S. Equity Income ETF has a 52 week low of $44.01 and a 52 week high of $52.50. The business has a 50-day simple moving average of $50.74 and a 200 day simple moving average of $49.81. The stock has a market cap of $284.40 million, a price-to-earnings ratio of 17.92 and a beta of 0.71.

Institutional Trading of Columbia U.S. Equity Income ETF

A number of large investors have recently modified their holdings of the business. Ameriprise Financial Inc. increased its position in shares of Columbia U.S. Equity Income ETF by 2.8% in the second quarter. Ameriprise Financial Inc. now owns 655,874 shares of the company’s stock worth $29,540,000 after purchasing an additional 17,920 shares during the last quarter. Sowell Financial Services LLC raised its stake in Columbia U.S. Equity Income ETF by 4.4% in the fourth quarter. Sowell Financial Services LLC now owns 182,747 shares of the company’s stock valued at $8,679,000 after purchasing an additional 7,715 shares in the last quarter. Stifel Financial Corp lifted its position in Columbia U.S. Equity Income ETF by 43.4% during the fourth quarter. Stifel Financial Corp now owns 171,604 shares of the company’s stock valued at $8,149,000 after purchasing an additional 51,946 shares during the last quarter. NewEdge Advisors LLC lifted its position in Columbia U.S. Equity Income ETF by 94.5% during the third quarter. NewEdge Advisors LLC now owns 128,020 shares of the company’s stock valued at $5,977,000 after purchasing an additional 62,203 shares during the last quarter. Finally, Raymond James Financial Inc. grew its stake in Columbia U.S. Equity Income ETF by 52.9% in the 2nd quarter. Raymond James Financial Inc. now owns 95,499 shares of the company’s stock worth $4,301,000 after buying an additional 33,025 shares in the last quarter.

About Columbia U.S. Equity Income ETF

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.