Short Interest in Columbia Short Duration Bond ETF (NYSEARCA:SBND) Rises By 638.0%

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Spartan Wealth Advisory Services LLC bought a new stake in shares of Columbia Short Duration Bond ETF during the 1st quarter worth approximately $10,237,000. Cetera Investment Advisers grew its stake in shares of Columbia Short Duration Bond ETF by 1,133.6% in the first quarter. Cetera Investment Advisers now owns 559,822 shares of the company’s stock valued at $10,516,000 after buying an additional 514,439 shares in the last quarter. LPL Financial LLC grew its stake in shares of Columbia Short Duration Bond ETF by 623.2% in the fourth quarter. LPL Financial LLC now owns 574,020 shares of the company’s stock valued at $10,863,000 after buying an additional 494,651 shares in the last quarter. Bank of America Corp DE increased its holdings in Columbia Short Duration Bond ETF by 144.9% during the third quarter. Bank of America Corp DE now owns 403,792 shares of the company’s stock worth $7,662,000 after buying an additional 238,922 shares during the last quarter. Finally, Commonwealth Equity Services LLC acquired a new stake in Columbia Short Duration Bond ETF in the fourth quarter valued at $3,178,000.

Columbia Short Duration Bond ETF Trading Up 0.1%

SBND opened at $18.71 on Wednesday. Columbia Short Duration Bond ETF has a 52-week low of $18.54 and a 52-week high of $19.08. The business’s 50-day simple moving average is $18.71 and its 200 day simple moving average is $18.79.

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.