Columbia Short Duration Bond ETF (NYSEARCA:SBND) Sees Large Increase in Short Interest

Columbia Short Duration Bond ETF (NYSEARCA:SBND) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 14,310 shares, a growth of 638.0% from the July 30th total of 1,939 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 84,015 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Columbia Short Duration Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC acquired a new position in Columbia Short Duration Bond ETF in the fourth quarter valued at approximately $25,000. ADG Wealth Management Group LLC acquired a new stake in shares of Columbia Short Duration Bond ETF during the first quarter worth about $50,000. Western Wealth Management LLC acquired a new stake in shares of Columbia Short Duration Bond ETF during the first quarter worth about $64,000. Warner Group LLC purchased a new stake in shares of Columbia Short Duration Bond ETF in the 4th quarter valued at about $197,000. Finally, Essex Financial Services Inc. purchased a new stake in shares of Columbia Short Duration Bond ETF in the 4th quarter valued at about $201,000.

Columbia Short Duration Bond ETF Stock Down 0.2%

Columbia Short Duration Bond ETF stock traded down $0.03 during midday trading on Thursday, reaching $18.72. The company’s stock had a trading volume of 38,468 shares, compared to its average volume of 97,823. The business has a 50-day simple moving average of $18.71 and a 200-day simple moving average of $18.79. Columbia Short Duration Bond ETF has a fifty-two week low of $18.54 and a fifty-two week high of $19.08.

About Columbia Short Duration Bond ETF

The Columbia Short Duration Bond ETF (SBND) is an exchange-traded fund that is based on the Beta Advantage Short Term Bond index. The fund tracks an index comprised of six sub-indices from different segments within the fixed income space. The six sub-indices each have fixed weights within the fund. SBND was launched on Sep 21, 2021 and is managed by Columbia.