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

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

Columbia Diversified Fixed Income Allocation ETF Price Performance

DIAL opened at $18.13 on Thursday. The company has a 50-day moving average of $18.19 and a 200-day moving average of $18.30. Columbia Diversified Fixed Income Allocation ETF has a 1-year low of $17.89 and a 1-year high of $18.62.

Institutional Investors Weigh In On Columbia Diversified Fixed Income Allocation ETF

A number of institutional investors have recently made changes to their positions in the company. Ameriprise Financial Inc. increased its holdings in shares of Columbia Diversified Fixed Income Allocation ETF by 13.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,619,968 shares of the company’s stock valued at $122,138,000 after acquiring an additional 805,152 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Columbia Diversified Fixed Income Allocation ETF by 75.6% in the 4th quarter. LPL Financial LLC now owns 2,183,465 shares of the company’s stock valued at $40,077,000 after acquiring an additional 939,843 shares during the last quarter. Bank of America Corp DE grew its position in shares of Columbia Diversified Fixed Income Allocation ETF by 33.6% during the 1st quarter. Bank of America Corp DE now owns 1,233,531 shares of the company’s stock valued at $22,302,000 after buying an additional 310,190 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Columbia Diversified Fixed Income Allocation ETF during the 4th quarter valued at about $13,765,000. Finally, UBS Group AG grew its position in shares of Columbia Diversified Fixed Income Allocation ETF by 0.8% during the 3rd quarter. UBS Group AG now owns 608,235 shares of the company’s stock valued at $11,222,000 after buying an additional 4,569 shares during the last quarter. 2.16% of the stock is currently owned by institutional investors.

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.