Columbia US High Yield ETF (NYSEARCA:NJNK) Short Interest Up 834.1% in June

Columbia US High Yield ETF (NYSEARCA:NJNK) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 23,110 shares, an increase of 834.1% from the June 15th total of 2,474 shares. Based on an average trading volume of 8,274 shares, the short-interest ratio is currently 2.8 days. Currently, 1.2% of the company’s shares are sold short.

Columbia US High Yield ETF Price Performance

Shares of Columbia US High Yield ETF stock remained flat at $20.03 on Friday. The company had a trading volume of 1,218 shares, compared to its average volume of 19,785. Columbia US High Yield ETF has a 52 week low of $19.69 and a 52 week high of $20.55. The firm’s 50 day moving average price is $20.07 and its two-hundred day moving average price is $20.14.

Institutional Trading of Columbia US High Yield ETF

Several large investors have recently modified their holdings of the stock. Ameriprise Financial Inc. lifted its position in shares of Columbia US High Yield ETF by 63.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,040,050 shares of the company’s stock valued at $41,413,000 after acquiring an additional 795,000 shares during the period. LPL Financial LLC bought a new position in Columbia US High Yield ETF during the fourth quarter worth $786,000. Focused Alpha LLC acquired a new stake in Columbia US High Yield ETF in the fourth quarter worth $758,000. Finally, Jane Street Group LLC grew its holdings in Columbia US High Yield ETF by 8.4% in the second quarter. Jane Street Group LLC now owns 11,090 shares of the company’s stock worth $225,000 after purchasing an additional 858 shares during the period.

About Columbia US High Yield ETF

The Columbia U.S. High Yield ETF (NJNK) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund that invests in high-yield US corporate bonds of any maturity. The funds objective is to provide a high level of current income. NJNK was launched on Sep 5, 2024 and is issued by Columbia Threadneedle.