Columbia Research Enhanced Value ETF (NYSEARCA:REVS) Sees Significant Decrease in Short Interest
by Renee Jackson · The Cerbat GemColumbia Research Enhanced Value ETF (NYSEARCA:REVS – Get Free Report) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 24,551 shares, a drop of 56.7% from the April 15th total of 56,757 shares. Based on an average daily trading volume, of 29,012 shares, the short-interest ratio is presently 0.8 days. Currently, 0.3% of the company’s stock are short sold.
Columbia Research Enhanced Value ETF Trading Down 0.9%
NYSEARCA REVS traded down $0.29 during trading on Friday, hitting $30.76. 22,857 shares of the company traded hands, compared to its average volume of 62,276. Columbia Research Enhanced Value ETF has a 12 month low of $24.92 and a 12 month high of $31.18. The business has a fifty day simple moving average of $29.49 and a 200 day simple moving average of $29.07. The company has a market capitalization of $282.99 million, a P/E ratio of 16.41 and a beta of 0.80.
Hedge Funds Weigh In On Columbia Research Enhanced Value ETF
Several institutional investors have recently bought and sold shares of the stock. Private Advisor Group LLC raised its holdings in Columbia Research Enhanced Value ETF by 2.2% during the first quarter. Private Advisor Group LLC now owns 42,408 shares of the company’s stock valued at $1,214,000 after buying an additional 922 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new position in Columbia Research Enhanced Value ETF during the 4th quarter worth $37,000. Ruggaard & Associates LLC boosted its holdings in Columbia Research Enhanced Value ETF by 4.9% during the fourth quarter. Ruggaard & Associates LLC now owns 52,103 shares of the company’s stock valued at $1,474,000 after acquiring an additional 2,452 shares during the period. Commonwealth Equity Services LLC boosted its holdings in Columbia Research Enhanced Value ETF by 14.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 24,788 shares of the company’s stock valued at $701,000 after acquiring an additional 3,191 shares during the period. Finally, Essex Financial Services Inc. boosted its holdings in Columbia Research Enhanced Value ETF by 46.1% during the third quarter. Essex Financial Services Inc. now owns 11,811 shares of the company’s stock valued at $330,000 after acquiring an additional 3,725 shares during the period.
Columbia Research Enhanced Value ETF Company Profile
The Columbia Research Enhanced Value ETF (REVS) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US stocks pulled from the Russell 1000 Value Index. REVS index uses multifactor selection and market cap weighting. REVS was launched on Sep 25, 2019 and is managed by Columbia.