Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON – Get Free Report) was the target of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 11,222 shares, a decline of 63.1% from the April 15th total of 30,411 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 17,681 shares, the short-interest ratio is currently 0.6 days.
Institutional Trading of Columbia Research Enhanced Emerging Economies ETF
Several hedge funds have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. bought a new stake in Columbia Research Enhanced Emerging Economies ETF in the third quarter worth about $126,458,000. Bank of America Corp DE raised its position in Columbia Research Enhanced Emerging Economies ETF by 0.6% in the second quarter. Bank of America Corp DE now owns 453,265 shares of the company’s stock worth $10,867,000 after acquiring an additional 2,547 shares during the period. Kingsview Wealth Management LLC purchased a new position in shares of Columbia Research Enhanced Emerging Economies ETF in the fourth quarter worth about $6,294,000. Jane Street Group LLC increased its stake in shares of Columbia Research Enhanced Emerging Economies ETF by 6.0% in the second 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 in the last quarter. Finally, Royal Bank of Canada increased its stake in shares of Columbia Research Enhanced Emerging Economies ETF by 1.6% in the fourth quarter. Royal Bank of Canada now owns 35,962 shares of the company’s stock worth $983,000 after purchasing an additional 574 shares in the last quarter.
Columbia Research Enhanced Emerging Economies ETF Stock Performance
ECON stock traded down $0.09 during mid-day trading on Thursday, hitting $34.56. The company had a trading volume of 4,877 shares, compared to its average volume of 43,530. The firm has a market cap of $352.51 million, a PE ratio of 12.92 and a beta of 0.52. Columbia Research Enhanced Emerging Economies ETF has a 12 month low of $22.44 and a 12 month high of $35.12. The stock’s fifty day moving average price is $30.60 and its two-hundred day moving average price is $29.25.
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.
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