Columbia Short Duration High Yield ETF (NYSEARCA:HYSD) Sees Significant Decline in Short Interest

Columbia Short Duration High Yield ETF (NYSEARCA:HYSD) was the target of a large drop in short interest in May. As of May 15th, there was short interest totaling 2,743 shares, a drop of 69.2% from the April 30th total of 8,912 shares. Based on an average trading volume of 3,004 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On Columbia Short Duration High Yield ETF

Several large investors have recently added to or reduced their stakes in HYSD. Jane Street Group LLC bought a new position in Columbia Short Duration High Yield ETF in the 1st quarter valued at about $591,000. Ameriprise Financial Inc. lifted its position in Columbia Short Duration High Yield ETF by 289.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,847,910 shares of the company’s stock valued at $98,517,000 after acquiring an additional 3,602,860 shares in the last quarter. Finally, Envestnet Asset Management Inc. bought a new position in Columbia Short Duration High Yield ETF in the 3rd quarter valued at about $1,088,000.

Columbia Short Duration High Yield ETF Stock Up 0.1%

Shares of NYSEARCA HYSD opened at $20.24 on Friday. Columbia Short Duration High Yield ETF has a fifty-two week low of $19.95 and a fifty-two week high of $20.50. The firm’s 50-day simple moving average is $20.17 and its 200 day simple moving average is $20.24.

Columbia Short Duration High Yield ETF Company Profile

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.