Columbia U.S. Equity Income ETF (NYSEARCA:EQIN) Sees Large Decline in Short Interest

Columbia U.S. Equity Income ETF (NYSEARCA:EQIN) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 24,086 shares, a drop of 42.3% from the June 30th total of 41,762 shares. Based on an average daily volume of 20,537 shares, the short-interest ratio is currently 1.2 days. Approximately 0.4% of the company’s shares are short sold.

Columbia U.S. Equity Income ETF Trading Down 0.5%

NYSEARCA:EQIN traded down $0.25 during trading hours on Thursday, hitting $52.86. 9,152 shares of the stock traded hands, compared to its average volume of 17,345. The firm has a 50 day moving average price of $51.83 and a 200 day moving average price of $50.55. Columbia U.S. Equity Income ETF has a fifty-two week low of $44.01 and a fifty-two week high of $53.85. The firm has a market cap of $306.59 million, a price-to-earnings ratio of 17.92 and a beta of 0.71.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of EQIN. Western Wealth Management LLC purchased a new stake in Columbia U.S. Equity Income ETF in the 1st quarter worth about $49,000. Cetera Investment Advisers grew its stake in Columbia U.S. Equity Income ETF by 28.6% during the 1st quarter. Cetera Investment Advisers now owns 94,141 shares of the company’s stock valued at $4,627,000 after acquiring an additional 20,957 shares in the last quarter. Northwest Wealth Advisors LLC purchased a new position in Columbia U.S. Equity Income ETF during the 1st quarter valued at about $226,000. Ascentis Independent Advisors increased its holdings in shares of Columbia U.S. Equity Income ETF by 36.9% in the 1st quarter. Ascentis Independent Advisors now owns 15,624 shares of the company’s stock valued at $768,000 after purchasing an additional 4,215 shares during the period. Finally, Axis Wealth Partners LLC increased its holdings in shares of Columbia U.S. Equity Income ETF by 1.9% in the 1st quarter. Axis Wealth Partners LLC now owns 26,091 shares of the company’s stock valued at $1,282,000 after purchasing an additional 489 shares during the period.

About Columbia U.S. Equity Income ETF

The Columbia U.S. Equity Income ETF (EQIN) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed portfolio of dividend-paying US companies. The fund uses a proprietary, fundamental selection process with an exclusionary screen for ESG risk. EQIN was launched on Jun 13, 2016 and is issued by Columbia Threadneedle.