Columbia EM Core ex-China ETF (NYSEARCA:XCEM – Get Free Report) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 201,109 shares, a growth of 258.5% from the May 14th total of 56,104 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 187,050 shares, the short-interest ratio is currently 1.1 days.
Columbia EM Core ex-China ETF Stock Up 5.2%
NYSEARCA:XCEM traded up $2.53 during trading hours on Thursday, reaching $51.59. 209,046 shares of the stock were exchanged, compared to its average volume of 246,972. The firm has a 50 day simple moving average of $47.86 and a 200-day simple moving average of $43.22. Columbia EM Core ex-China ETF has a 52 week low of $32.57 and a 52 week high of $53.73. The stock has a market capitalization of $1.94 billion, a P/E ratio of 14.14 and a beta of 0.89.
Institutional Trading of Columbia EM Core ex-China ETF
Hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its stake in shares of Columbia EM Core ex-China ETF by 10.2% during the 1st quarter. Bank of America Corp DE now owns 3,427,623 shares of the company’s stock worth $139,881,000 after acquiring an additional 318,012 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Columbia EM Core ex-China ETF by 1.5% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,629,287 shares of the company’s stock valued at $59,192,000 after buying an additional 24,520 shares in the last quarter. LPL Financial LLC increased its stake in shares of Columbia EM Core ex-China ETF by 4.0% in the fourth quarter. LPL Financial LLC now owns 999,763 shares of the company’s stock worth $38,351,000 after purchasing an additional 38,587 shares during the period. Marotta Asset Management increased its stake in Columbia EM Core ex-China ETF by 2.6% during the fourth quarter. Marotta Asset Management now owns 909,165 shares of the company’s stock valued at $34,876,000 after acquiring an additional 23,256 shares during the period. Finally, Raymond James Financial Inc. increased its stake in Columbia EM Core ex-China ETF by 2.2% during the third quarter. Raymond James Financial Inc. now owns 875,559 shares of the company’s stock valued at $31,809,000 after acquiring an additional 18,759 shares during the period.
Columbia EM Core ex-China ETF Company Profile
The Columbia EM Core ex-China ETF (XCEM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market-cap-weighted index that provides broad equity exposure to emerging markets excluding China. XCEM was launched on Sep 2, 2015 and is managed by Columbia.
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