Short Interest in Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) Increases By 235.0%

Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 7,853 shares, a growth of 235.0% from the August 15th total of 2,344 shares. Based on an average daily volume of 14,348 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the shares of the company are sold short.

Columbia Research Enhanced Emerging Economies ETF Trading Up 1.6%

Shares of NYSEARCA:ECON traded up $0.55 on Friday, reaching $36.03. 56,403 shares of the company’s stock were exchanged, compared to its average volume of 34,876. The company has a fifty day moving average of $34.66 and a 200-day moving average of $33.35. Columbia Research Enhanced Emerging Economies ETF has a twelve month low of $26.00 and a twelve month high of $38.18. The company has a market capitalization of $353.09 million, a price-to-earnings ratio of 12.92 and a beta of 0.57.

Institutional Investors Weigh In On Columbia Research Enhanced Emerging Economies ETF

A number of large investors have recently added to or reduced their stakes in ECON. MCF Advisors LLC bought a new position in Columbia Research Enhanced Emerging Economies ETF during the 2nd quarter worth $118,000. Integrated Wealth Concepts LLC bought a new stake in shares of Columbia Research Enhanced Emerging Economies ETF during the 2nd quarter valued at $136,000. Corient Private Wealth LP bought a new stake in shares of Columbia Research Enhanced Emerging Economies ETF during the 2nd quarter valued at $204,000. Bank of America Corp DE grew its holdings 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 purchasing an additional 24,745 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of Columbia Research Enhanced Emerging Economies ETF by 1.6% during the 4th 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.

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.