Columbia India Consumer ETF (NYSEARCA:INCO) Sees Significant Decrease in Short Interest

Columbia India Consumer ETF (NYSEARCA:INCO) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 35,723 shares, a drop of 66.9% from the May 14th total of 107,975 shares. Based on an average daily trading volume, of 22,125 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.9% of the shares of the company are sold short.

Institutional Investors Weigh In On Columbia India Consumer ETF

A number of institutional investors have recently added to or reduced their stakes in INCO. Bank of America Corp DE grew its position in Columbia India Consumer ETF by 9.4% during the first quarter. Bank of America Corp DE now owns 446,160 shares of the company’s stock worth $24,525,000 after buying an additional 38,464 shares in the last quarter. Osborne Partners Capital Management LLC grew its position in Columbia India Consumer ETF by 14.7% during the first quarter. Osborne Partners Capital Management LLC now owns 263,029 shares of the company’s stock worth $14,459,000 after buying an additional 33,678 shares in the last quarter. Flow Traders U.S. LLC grew its position in Columbia India Consumer ETF by 678.0% during the third quarter. Flow Traders U.S. LLC now owns 35,670 shares of the company’s stock worth $2,307,000 after buying an additional 31,085 shares in the last quarter. Jane Street Group LLC grew its position in Columbia India Consumer ETF by 20.4% during the fourth quarter. Jane Street Group LLC now owns 159,436 shares of the company’s stock worth $10,333,000 after buying an additional 26,981 shares in the last quarter. Finally, Quattro Advisors LLC acquired a new stake in Columbia India Consumer ETF during the fourth quarter worth about $1,646,000.

Columbia India Consumer ETF Stock Down 0.6%

INCO stock opened at $57.12 on Thursday. Columbia India Consumer ETF has a twelve month low of $53.19 and a twelve month high of $68.02. The company has a market cap of $228.48 million, a PE ratio of 39.45 and a beta of 0.45. The business’s 50-day simple moving average is $58.21 and its 200 day simple moving average is $60.88.

Columbia India Consumer ETF Company Profile

The Columbia India Consumer ETF (INCO) is an exchange-traded fund that is based on the INDXX India Consumer index, a market-cap-weighted index of 30 Indian consumer-sector stocks listed on the National Stock Exchange or the Bombay Stock Exchange. INCO was launched on Aug 10, 2011 and is managed by Columbia.