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

Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) saw a significant drop in short interest in 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. Based on an average daily trading volume, of 11,581 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the company’s stock are sold short.

Columbia Research Enhanced Emerging Economies ETF Price Performance

Shares of NYSEARCA ECON opened at $33.34 on Friday. The business has a 50-day moving average of $35.22 and a two-hundred day moving average of $32.08. The company has a market capitalization of $326.73 million, a price-to-earnings ratio of 12.92 and a beta of 0.55. Columbia Research Enhanced Emerging Economies ETF has a 1 year low of $23.91 and a 1 year high of $38.18.

Institutional Investors Weigh In On Columbia Research Enhanced Emerging Economies ETF

Several institutional investors have recently added to or reduced their stakes in ECON. Bank of America Corp DE increased its stake in Columbia Research Enhanced Emerging Economies ETF by 5.8% in the first quarter. Bank of America Corp DE now owns 451,944 shares of the company’s stock valued at $12,989,000 after purchasing an additional 24,745 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Columbia Research Enhanced Emerging Economies ETF by 1.6% during the 4th quarter. Royal Bank of Canada now owns 35,962 shares of the company’s stock worth $983,000 after buying an additional 574 shares during the last quarter. Karnit Road Accident Victims Compensation Fund purchased a new stake in shares of Columbia Research Enhanced Emerging Economies ETF during the 4th quarter worth approximately $238,000. CIBC Private Wealth Group LLC boosted its holdings in shares of Columbia Research Enhanced Emerging Economies ETF by 11.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 27,349 shares of the company’s stock valued at $747,000 after buying an additional 2,714 shares in the last quarter. Finally, Kingsview Wealth Management LLC acquired a new position in shares of Columbia Research Enhanced Emerging Economies ETF in the 4th quarter valued at $6,294,000.

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.