Short Interest in Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) Grows By 94.5%

Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 21,829 shares, an increase of 94.5% from the April 30th total of 11,222 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 49,751 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Columbia Research Enhanced Emerging Economies ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC boosted its stake in Columbia Research Enhanced Emerging Economies ETF by 1.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 24,635 shares of the company’s stock worth $653,000 after purchasing an additional 377 shares during the period. Royal Bank of Canada boosted its stake in Columbia Research Enhanced Emerging Economies ETF by 1.6% in the 4th quarter. Royal Bank of Canada now owns 35,962 shares of the company’s stock worth $983,000 after purchasing an additional 574 shares during the period. Bank of America Corp DE boosted its stake in Columbia Research Enhanced Emerging Economies ETF by 0.6% in the 2nd quarter. Bank of America Corp DE now owns 453,265 shares of the company’s stock worth $10,867,000 after purchasing an additional 2,547 shares during the period. Jane Street Group LLC boosted its stake in Columbia Research Enhanced Emerging Economies ETF by 6.0% in the 2nd quarter. Jane Street Group LLC now owns 49,720 shares of the company’s stock worth $1,192,000 after purchasing an additional 2,810 shares during the period. Finally, Karnit Road Accident Victims Compensation Fund acquired a new position in Columbia Research Enhanced Emerging Economies ETF in the 4th quarter worth $238,000.

Columbia Research Enhanced Emerging Economies ETF Trading Up 1.5%

Shares of NYSEARCA ECON opened at $36.89 on Tuesday. The firm has a market cap of $376.28 million, a PE ratio of 12.92 and a beta of 0.52. Columbia Research Enhanced Emerging Economies ETF has a 1-year low of $22.55 and a 1-year high of $37.17. The company has a fifty day moving average price of $32.03 and a 200 day moving average price of $29.88.

Columbia Research Enhanced Emerging Economies ETF Company Profile

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.