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

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

Hedge Funds Weigh In On Columbia Research Enhanced Emerging Economies ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE boosted its stake in shares of Columbia Research Enhanced Emerging Economies ETF by 5.8% during the 1st quarter. Bank of America Corp DE now owns 451,944 shares of the company’s stock worth $12,989,000 after acquiring an additional 24,745 shares in the last quarter. Karnit Road Accident Victims Compensation Fund acquired a new position in Columbia Research Enhanced Emerging Economies ETF in the 4th quarter worth about $238,000. Corient Private Wealth LP acquired a new position in Columbia Research Enhanced Emerging Economies ETF in the 2nd quarter worth about $204,000. Integrated Wealth Concepts LLC purchased a new position in Columbia Research Enhanced Emerging Economies ETF during the second quarter worth approximately $136,000. Finally, MCF Advisors LLC acquired a new stake in Columbia Research Enhanced Emerging Economies ETF in the second quarter valued at approximately $118,000.

Columbia Research Enhanced Emerging Economies ETF Stock Performance

NYSEARCA ECON traded up $0.03 on Tuesday, reaching $35.75. 12,147 shares of the company’s stock traded hands, compared to its average volume of 33,318. The firm has a market cap of $318.18 million, a price-to-earnings ratio of 12.92 and a beta of 0.57. The stock has a 50 day moving average price of $34.96 and a 200-day moving average price of $33.77. Columbia Research Enhanced Emerging Economies ETF has a fifty-two week low of $26.08 and a fifty-two week high of $38.18.

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.