Columbia US High Yield ETF (NYSEARCA:NJNK) Short Interest Down 81.8% in July

Columbia US High Yield ETF (NYSEARCA:NJNK) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 4,216 shares, a drop of 81.8% from the June 30th total of 23,110 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 4,010 shares, the days-to-cover ratio is presently 1.1 days.

Columbia US High Yield ETF Stock Up 0.1%

Columbia US High Yield ETF stock traded up $0.02 during trading hours on Friday, hitting $19.92. The stock had a trading volume of 1,379 shares, compared to its average volume of 18,506. Columbia US High Yield ETF has a 12-month low of $19.69 and a 12-month high of $20.55. The stock’s 50-day moving average price is $20.05 and its 200-day moving average price is $20.12.

Institutional Investors Weigh In On Columbia US High Yield ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC lifted its position in Columbia US High Yield ETF by 8.4% in the 2nd quarter. Jane Street Group LLC now owns 11,090 shares of the company’s stock valued at $225,000 after acquiring an additional 858 shares in the last quarter. Focused Alpha LLC purchased a new stake in Columbia US High Yield ETF during the 4th quarter valued at $758,000. LPL Financial LLC bought a new stake in shares of Columbia US High Yield ETF in the 4th quarter worth $786,000. Finally, Ameriprise Financial Inc. increased its holdings in shares of Columbia US High Yield ETF by 63.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,040,050 shares of the company’s stock worth $41,413,000 after purchasing an additional 795,000 shares in the last quarter.

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.