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

Columbia US High Yield ETF (NYSEARCA:NJNK) saw a large increase in short interest in the month of 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. Approximately 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 8,274 shares, the short-interest ratio is presently 2.8 days.

Institutional Trading of Columbia US High Yield ETF

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

Columbia US High Yield ETF Stock Performance

Columbia US High Yield ETF stock remained flat at $20.03 during mid-day trading on Friday. The company’s stock had a trading volume of 1,218 shares, compared to its average volume of 19,785. Columbia US High Yield ETF has a 12-month low of $19.69 and a 12-month high of $20.55. The company has a fifty day simple moving average of $20.07 and a 200-day simple moving average of $20.14.

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.