Columbia Research Enhanced Value ETF (NYSEARCA:REVS) Sees Significant Increase in Short Interest

Columbia Research Enhanced Value ETF (NYSEARCA:REVS) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 50,920 shares, an increase of 108.7% from the September 15th total of 24,397 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 60,698 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in REVS. Ruggaard & Associates LLC increased its holdings in Columbia Research Enhanced Value ETF by 0.6% during the 1st quarter. Ruggaard & Associates LLC now owns 52,425 shares of the company’s stock valued at $1,500,000 after acquiring an additional 322 shares in the last quarter. Private Advisor Group LLC grew its position in shares of Columbia Research Enhanced Value ETF by 2.2% in the first quarter. Private Advisor Group LLC now owns 42,408 shares of the company’s stock valued at $1,214,000 after purchasing an additional 922 shares during the period. CoreCap Advisors LLC purchased a new stake in Columbia Research Enhanced Value ETF in the 3rd quarter valued at about $30,000. Western Wealth Management LLC acquired a new position in Columbia Research Enhanced Value ETF during the first quarter worth approximately $29,000. Finally, Farther Finance Advisors LLC acquired a new stake in shares of Columbia Research Enhanced Value ETF during the 3rd quarter worth $40,000.

Columbia Research Enhanced Value ETF Trading Up 0.9%

Shares of REVS traded up $0.29 during mid-day trading on Thursday, hitting $33.97. 13,306 shares of the company’s stock were exchanged, compared to its average volume of 50,620. The firm has a market capitalization of $373.68 million, a P/E ratio of 16.41 and a beta of 0.79. The business’s 50 day moving average is $33.67 and its two-hundred day moving average is $32.12. Columbia Research Enhanced Value ETF has a fifty-two week low of $27.24 and a fifty-two week high of $34.55.

About Columbia Research Enhanced Value ETF

The Columbia Research Enhanced Value ETF (REVS) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US stocks pulled from the Russell 1000 Value Index. REVS index uses multifactor selection and market cap weighting. REVS was launched on Sep 25, 2019 and is managed by Columbia.