Columbia India Consumer ETF (NYSEARCA:INCO – Get Free Report) was the target of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 35,723 shares, a decline of 66.9% from the May 14th total of 107,975 shares. Currently, 0.9% of the shares of the company are short sold. Based on an average daily volume of 22,125 shares, the short-interest ratio is currently 1.6 days.
Columbia India Consumer ETF Stock Performance
Columbia India Consumer ETF stock opened at $57.12 on Thursday. The business’s 50-day simple moving average is $58.21 and its 200-day simple moving average is $60.88. The firm has a market capitalization of $228.48 million, a PE ratio of 39.45 and a beta of 0.45. Columbia India Consumer ETF has a 52 week low of $53.19 and a 52 week high of $68.02.
Hedge Funds Weigh In On Columbia India Consumer ETF
A number of institutional investors have recently made changes to their positions in the business. Bank of America Corp DE increased its stake in shares of Columbia India Consumer ETF by 9.4% in the first quarter. Bank of America Corp DE now owns 446,160 shares of the company’s stock worth $24,525,000 after purchasing an additional 38,464 shares during the period. Osborne Partners Capital Management LLC increased its stake in shares of Columbia India Consumer ETF by 14.7% in the first quarter. Osborne Partners Capital Management LLC now owns 263,029 shares of the company’s stock worth $14,459,000 after purchasing an additional 33,678 shares during the period. Jane Street Group LLC increased its stake in shares of Columbia India Consumer ETF by 20.4% in the fourth quarter. Jane Street Group LLC now owns 159,436 shares of the company’s stock worth $10,333,000 after purchasing an additional 26,981 shares during the period. tru Independence LLC increased its stake in shares of Columbia India Consumer ETF by 12.7% in the fourth quarter. tru Independence LLC now owns 70,265 shares of the company’s stock worth $4,554,000 after purchasing an additional 7,900 shares during the period. Finally, Haven Private LLC increased its stake in shares of Columbia India Consumer ETF by 4.9% in the fourth quarter. Haven Private LLC now owns 41,831 shares of the company’s stock worth $2,711,000 after purchasing an additional 1,966 shares during the period.
About Columbia India Consumer ETF
The Columbia India Consumer ETF (INCO) is an exchange-traded fund that is based on the INDXX India Consumer index, a market-cap-weighted index of 30 Indian consumer-sector stocks listed on the National Stock Exchange or the Bombay Stock Exchange. INCO was launched on Aug 10, 2011 and is managed by Columbia.
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