Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON – Get Free Report) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 9,881 shares, an increase of 316.7% from the May 31st total of 2,371 shares. Based on an average daily trading volume, of 9,891 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.1% of the company’s shares are short sold.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in ECON. Kingsview Wealth Management LLC bought a new stake in Columbia Research Enhanced Emerging Economies ETF in the fourth quarter worth approximately $6,294,000. Karnit Road Accident Victims Compensation Fund bought a new position in shares of Columbia Research Enhanced Emerging Economies ETF during the 4th quarter worth approximately $238,000. Bank of America Corp DE grew its position 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 buying an additional 24,745 shares during the period. Ameriprise Financial Inc. acquired a new stake in shares of Columbia Research Enhanced Emerging Economies ETF during the 3rd quarter worth approximately $126,458,000. Finally, CIBC Private Wealth Group LLC increased its stake in shares of 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 valued at $653,000 after acquiring an additional 377 shares in the last quarter.
Columbia Research Enhanced Emerging Economies ETF Trading Down 0.8%
ECON stock traded down $0.30 during midday trading on Friday, hitting $35.82. The stock had a trading volume of 15,721 shares, compared to its average volume of 35,999. The firm has a market cap of $365.36 million, a P/E ratio of 12.92 and a beta of 0.55. Columbia Research Enhanced Emerging Economies ETF has a 1-year low of $23.78 and a 1-year high of $38.18. The business has a fifty day moving average price of $34.65 and a two-hundred day moving average price of $31.07.
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.
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