Short Interest in Columbia EM Core ex-China ETF (NYSEARCA:XCEM) Decreases By 57.3%

Columbia EM Core ex-China ETF (NYSEARCA:XCEM) saw a significant drop in short interest in May. As of May 15th, there was short interest totaling 56,104 shares, a drop of 57.3% from the April 30th total of 131,475 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 210,353 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Truist Financial Corp bought a new stake in Columbia EM Core ex-China ETF in the 3rd quarter worth about $1,098,000. Redmont Wealth Advisors LLC bought a new position in Columbia EM Core ex-China ETF during the 3rd quarter valued at about $698,000. Penserra Capital Management LLC lifted its stake in Columbia EM Core ex-China ETF by 7.7% during the 3rd quarter. Penserra Capital Management LLC now owns 1,421,095 shares of the company’s stock valued at $51,628,000 after acquiring an additional 101,598 shares during the period. Savvy Advisors Inc. boosted its holdings in shares of Columbia EM Core ex-China ETF by 33.2% during the 4th quarter. Savvy Advisors Inc. now owns 391,355 shares of the company’s stock valued at $15,012,000 after acquiring an additional 97,456 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of Columbia EM Core ex-China ETF by 79.9% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 34,678 shares of the company’s stock valued at $1,260,000 after acquiring an additional 15,401 shares during the last quarter.

Columbia EM Core ex-China ETF Price Performance

NYSEARCA XCEM traded up $0.02 during mid-day trading on Friday, reaching $52.43. The stock had a trading volume of 297,327 shares, compared to its average volume of 248,777. The stock has a market cap of $1.97 billion, a PE ratio of 14.14 and a beta of 0.87. Columbia EM Core ex-China ETF has a 1 year low of $31.62 and a 1 year high of $52.80. The company has a fifty day moving average price of $45.90 and a 200 day moving average price of $42.36.

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.