Columbia U.S. Equity Income ETF (NYSEARCA:EQIN) Shares Shorted: Short Interest Up 77.3% in October

Columbia U.S. Equity Income ETF (NYSEARCA:EQIN) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 43,023 shares, an increase of 77.3% from the September 30th total of 24,266 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average daily volume of 15,279 shares, the days-to-cover ratio is presently 2.8 days.

Columbia U.S. Equity Income ETF Price Performance

EQIN traded up $0.04 on Friday, hitting $55.44. The company had a trading volume of 9,384 shares, compared to its average volume of 16,671. The stock has a fifty day simple moving average of $53.50 and a 200-day simple moving average of $51.58. The firm has a market capitalization of $332.64 million, a P/E ratio of 17.92 and a beta of 0.71. Columbia U.S. Equity Income ETF has a 52-week low of $45.33 and a 52-week high of $56.20.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Parcion Private Wealth LLC boosted its stake in shares of Columbia U.S. Equity Income ETF by 1.0% during the 3rd quarter. Parcion Private Wealth LLC now owns 18,844 shares of the company’s stock worth $965,000 after purchasing an additional 188 shares during the period. Western Wealth Management LLC bought a new stake in Columbia U.S. Equity Income ETF during the first quarter valued at about $49,000. Cornerstone Financial Management LLC boosted its stake in Columbia U.S. Equity Income ETF by 6.2% in the second quarter. Cornerstone Financial Management LLC now owns 27,466 shares of the company’s stock valued at $1,409,000 after acquiring an additional 1,603 shares in the last quarter. Ascentis Independent Advisors increased its position in Columbia U.S. Equity Income ETF by 36.9% during the 1st quarter. Ascentis Independent Advisors now owns 15,624 shares of the company’s stock valued at $768,000 after buying an additional 4,215 shares in the last quarter. Finally, Northwest Wealth Advisors LLC purchased a new stake in Columbia U.S. Equity Income ETF during the 1st quarter worth approximately $226,000.

Columbia U.S. Equity Income ETF Company Profile

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.