Columbia Diversified Fixed Income Allocation ETF (NYSEARCA:DIAL) Short Interest Down 35.1% in May

Columbia Diversified Fixed Income Allocation ETF (NYSEARCA:DIAL) was the recipient of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 20,751 shares, a drop of 35.1% from the May 14th total of 31,972 shares. Based on an average trading volume of 119,289 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On Columbia Diversified Fixed Income Allocation ETF

Several large investors have recently made changes to their positions in the company. Ameriprise Financial Inc. increased its stake in shares of Columbia Diversified Fixed Income Allocation ETF by 13.8% in the third quarter. Ameriprise Financial Inc. now owns 6,619,968 shares of the company’s stock valued at $122,138,000 after purchasing an additional 805,152 shares during the period. LPL Financial LLC increased its stake in shares of Columbia Diversified Fixed Income Allocation ETF by 75.6% in the fourth quarter. LPL Financial LLC now owns 2,183,465 shares of the company’s stock valued at $40,077,000 after purchasing an additional 939,843 shares during the period. Bank of America Corp DE increased its stake in shares of Columbia Diversified Fixed Income Allocation ETF by 33.6% in the first quarter. Bank of America Corp DE now owns 1,233,531 shares of the company’s stock valued at $22,302,000 after purchasing an additional 310,190 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of Columbia Diversified Fixed Income Allocation ETF in the fourth quarter valued at approximately $13,765,000. Finally, UBS Group AG increased its stake in shares of Columbia Diversified Fixed Income Allocation ETF by 0.8% in the third quarter. UBS Group AG now owns 608,235 shares of the company’s stock valued at $11,222,000 after purchasing an additional 4,569 shares during the period. Institutional investors and hedge funds own 2.16% of the company’s stock.

Columbia Diversified Fixed Income Allocation ETF Stock Performance

NYSEARCA DIAL traded up $0.04 during trading hours on Tuesday, reaching $18.23. The company’s stock had a trading volume of 21,069 shares, compared to its average volume of 100,520. The business has a 50-day simple moving average of $18.18 and a 200 day simple moving average of $18.31. Columbia Diversified Fixed Income Allocation ETF has a 52 week low of $17.89 and a 52 week high of $18.62.

Columbia Diversified Fixed Income Allocation ETF Company Profile

The Columbia Diversified Fixed Income Allocation ETF (DIAL) is an exchange-traded fund that is based on the Beta Advantage Multi-Sector Bond index. The fund tracks an index comprised of six sub-indexes, each representing a different sector within the fixed income space. The index allocates fixed weights to each of the six sectors. DIAL was launched on Oct 12, 2017 and is managed by Columbia.