Short Interest in Columbia India Consumer ETF (NYSEARCA:INCO) Grows By 28.6%

Columbia India Consumer ETF (NYSEARCA:INCO) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 7,200 shares, anincreaseof28.6% from the July 15th total of 5,600 shares. Approximately0.1% of the company’s shares are sold short. Based on an average trading volume of 29,100 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 29,100 shares, the short-interest ratio is presently 0.2 days. Approximately0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On Columbia India Consumer ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. CoreCap Advisors LLC bought a new position in Columbia India Consumer ETF in the fourth quarter worth about $37,000. CWM LLC bought a new position in Columbia India Consumer ETF in the first quarter worth about $43,000. Ameriflex Group Inc. bought a new position in Columbia India Consumer ETF in the fourth quarter worth about $51,000. Geneos Wealth Management Inc. raised its stake in Columbia India Consumer ETF by 200.0% in the first quarter. Geneos Wealth Management Inc. now owns 900 shares of the company’s stock worth $54,000 after buying an additional 600 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Columbia India Consumer ETF by 366.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,218 shares of the company’s stock worth $79,000 after buying an additional 957 shares in the last quarter.

Columbia India Consumer ETF Trading Up 0.7%

Shares of NYSEARCA:INCO opened at $66.88 on Thursday. The company has a market cap of $327.71 million, a price-to-earnings ratio of 39.45 and a beta of 0.55. The company has a 50-day moving average price of $63.90 and a 200-day moving average price of $62.16. Columbia India Consumer ETF has a 12 month low of $55.42 and a 12 month high of $78.34.

About Columbia India Consumer ETF

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.