Columbia Short Duration High Yield ETF (NYSEARCA:HYSD – Get Free Report) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 8,912 shares, an increase of 494.1% from the April 15th total of 1,500 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 3,373 shares, the short-interest ratio is presently 2.6 days.
Columbia Short Duration High Yield ETF Stock Performance
Shares of Columbia Short Duration High Yield ETF stock traded down $0.06 during midday trading on Tuesday, hitting $20.14. The company’s stock had a trading volume of 2,090 shares, compared to its average volume of 1,699. The stock has a 50-day simple moving average of $20.16 and a 200-day simple moving average of $20.25. Columbia Short Duration High Yield ETF has a 1-year low of $19.95 and a 1-year high of $20.50.
Institutional Trading of Columbia Short Duration High Yield ETF
Several hedge funds and other institutional investors have recently modified their holdings of HYSD. Ameriprise Financial Inc. boosted its position in shares of Columbia Short Duration High Yield ETF by 289.4% in the second quarter. Ameriprise Financial Inc. now owns 4,847,910 shares of the company’s stock worth $98,517,000 after buying an additional 3,602,860 shares during the period. Envestnet Asset Management Inc. purchased a new stake in shares of Columbia Short Duration High Yield ETF during the third quarter worth $1,088,000. Finally, Jane Street Group LLC purchased a new stake in shares of Columbia Short Duration High Yield ETF during the first quarter worth $591,000.
About Columbia Short Duration High Yield ETF
The Columbia Short Duration High Yield ETF (HYSD) is an exchange-traded fund that mostly invests in high yield fixed income. The fund actively invests in corporate debt securities and floating rate loans rated below investment grade. The fund aims to have a dollar-weighted average effective maturity of five years or less. HYSD was launched on Sep 5, 2024 and is issued by Columbia Threadneedle.
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