Columbia India Consumer ETF (NYSEARCA:INCO) Short Interest Down 33.3% in August

by · The Markets Daily

Columbia India Consumer ETF (NYSEARCA:INCO – Get Free Report) saw a large drop in short interest in August. As of August 14th, there was short interest totaling 21,505 shares, a drop of 33.3% from the July 30th total of 32,241 shares. Based on an average daily trading volume, of 12,667 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.6% of the company’s shares are sold short.

Columbia India Consumer ETF Stock Performance

Shares of NYSEARCA INCO opened at $61.68 on Thursday. The firm has a market capitalization of $234.38 million, a price-to-earnings ratio of 39.45 and a beta of 0.44. The stock has a 50 day moving average price of $60.92 and a 200 day moving average price of $59.56. Columbia India Consumer ETF has a 52-week low of $53.19 and a 52-week high of $68.02.

Hedge Funds Weigh In On Columbia India Consumer ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE raised its holdings in shares of Columbia India Consumer ETF by 9.4% in the first quarter. Bank of America Corp DE now owns 446,160 shares of the company’s stock valued at $24,525,000 after acquiring an additional 38,464 shares in the last quarter. Osborne Partners Capital Management LLC grew its holdings in Columbia India Consumer ETF by 14.7% during the 1st quarter. Osborne Partners Capital Management LLC now owns 263,029 shares of the company’s stock worth $14,459,000 after acquiring an additional 33,678 shares in the last quarter. Jane Street Group LLC grew its holdings in Columbia India Consumer ETF by 20.4% during the 4th quarter. Jane Street Group LLC now owns 159,436 shares of the company’s stock worth $10,333,000 after acquiring an additional 26,981 shares in the last quarter. Quattro Advisors LLC purchased a new position in Columbia India Consumer ETF during the 4th quarter valued at about $1,646,000. Finally, OLD Mission Capital LLC increased its position in Columbia India Consumer ETF by 129.9% during the 4th quarter. OLD Mission Capital LLC now owns 19,667 shares of the company’s stock valued at $1,275,000 after purchasing an additional 11,114 shares during the period.

About Columbia India Consumer ETF

(Get Free Report)

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.

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