Columbia US High Yield ETF (NYSEARCA:NJNK) Sees Significant Drop in Short Interest

Columbia US High Yield ETF (NYSEARCA:NJNKGet Free Report) saw a significant drop in short interest during the month of 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. Based on an average daily trading volume, of 4,010 shares, the short-interest ratio is presently 1.1 days. Approximately 0.2% of the shares of the company are sold short.

Columbia US High Yield ETF Price Performance

NYSEARCA:NJNK traded up $0.02 during mid-day trading on Friday, reaching $19.92. The company’s 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 firm’s fifty day moving average price is $20.05 and its two-hundred day moving average price is $20.12.

Institutional Trading of Columbia US High Yield ETF

A number of large investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. grew 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 worth $41,413,000 after acquiring an additional 795,000 shares during the period. LPL Financial LLC bought a new position in Columbia US High Yield ETF during the fourth quarter valued at approximately $786,000. Focused Alpha LLC bought a new position in Columbia US High Yield ETF during the fourth quarter valued at approximately $758,000. Finally, Jane Street Group LLC boosted its holdings in Columbia US High Yield ETF by 8.4% in the second quarter. Jane Street Group LLC now owns 11,090 shares of the company’s stock worth $225,000 after purchasing an additional 858 shares during the last quarter.

About Columbia US High Yield ETF

(Get Free Report)

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.

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