Columbia EM Core ex-China ETF (NYSEARCA:XCEM) Sees Large Drop in Short Interest

Columbia EM Core ex-China ETF (NYSEARCA:XCEM) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 49,425 shares, a decrease of 39.1% from the September 15th total of 81,189 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 176,835 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Columbia EM Core ex-China ETF

A number of hedge funds have recently modified their holdings of the stock. McKinley Carter Wealth Services Inc. grew its holdings in Columbia EM Core ex-China ETF by 0.3% during the third quarter. McKinley Carter Wealth Services Inc. now owns 198,073 shares of the company’s stock worth $10,183,000 after acquiring an additional 582 shares during the period. IFC & Insurance Marketing Inc. grew its stake in shares of Columbia EM Core ex-China ETF by 0.9% during the 3rd quarter. IFC & Insurance Marketing Inc. now owns 44,326 shares of the company’s stock worth $2,281,000 after purchasing an additional 378 shares during the period. Iams Wealth Management LLC purchased a new position in shares of Columbia EM Core ex-China ETF during the 3rd quarter valued at approximately $3,324,000. Mather Group LLC. acquired a new position in shares of Columbia EM Core ex-China ETF in the 3rd quarter valued at $71,000. Finally, Focus Financial Network Inc. lifted its stake in shares of Columbia EM Core ex-China ETF by 1.9% in the 3rd quarter. Focus Financial Network Inc. now owns 90,641 shares of the company’s stock valued at $4,660,000 after purchasing an additional 1,686 shares during the period.

Columbia EM Core ex-China ETF Stock Performance

Shares of Columbia EM Core ex-China ETF stock traded down $0.88 during trading on Friday, hitting $48.07. 140,230 shares of the company’s stock were exchanged, compared to its average volume of 211,853. The business has a 50-day simple moving average of $51.18 and a 200-day simple moving average of $49.58. Columbia EM Core ex-China ETF has a 52-week low of $36.72 and a 52-week high of $55.43. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 14.14 and a beta of 0.91.

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.