Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) Short Interest Up 316.7% in June

Columbia Research Enhanced Emerging Economies ETF (NYSEARCA:ECON) was the target of a significant increase in short interest in 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. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 9,891 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Investors Weigh In On Columbia Research Enhanced Emerging Economies ETF

A number of hedge funds have recently added to or reduced their stakes in ECON. Karnit Road Accident Victims Compensation Fund bought a new stake in shares of Columbia Research Enhanced Emerging Economies ETF during the fourth quarter valued at approximately $238,000. Raymond James Financial Inc. grew its position in Columbia Research Enhanced Emerging Economies ETF by 42,278.3% in the 3rd quarter. Raymond James Financial Inc. now owns 9,747 shares of the company’s stock valued at $258,000 after purchasing an additional 9,724 shares during the period. CIBC Bancorp USA Inc. acquired a new stake in Columbia Research Enhanced Emerging Economies ETF in the 3rd quarter valued at $653,000. CIBC Private Wealth Group LLC grew its position in 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 purchasing an additional 377 shares during the period. Finally, Royal Bank of Canada increased its stake in 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 valued at $983,000 after purchasing an additional 574 shares in the last quarter.

Columbia Research Enhanced Emerging Economies ETF Stock Down 0.8%

ECON traded down $0.30 during midday trading on Friday, hitting $35.82. The company had a trading volume of 15,721 shares, compared to its average volume of 35,999. The company has a market capitalization of $365.36 million, a price-to-earnings ratio of 12.92 and a beta of 0.55. The stock’s 50 day moving average price is $34.65 and its 200 day moving average price is $31.07. Columbia Research Enhanced Emerging Economies ETF has a 52 week low of $23.78 and a 52 week high of $38.18.

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.