Columbia US High Yield ETF (NYSEARCA:NJNK) Short Interest Up 57.5% in August

Columbia US High Yield ETF (NYSEARCA:NJNK) was the recipient of a large growth in short interest in August. As of August 14th, there was short interest totaling 5,317 shares, a growth of 57.5% from the July 30th total of 3,375 shares. Based on an average daily trading volume, of 2,920 shares, the short-interest ratio is currently 1.8 days. Currently, 0.3% of the shares of the stock are sold short.

Columbia US High Yield ETF Price Performance

Columbia US High Yield ETF stock opened at $19.88 on Wednesday. The company’s fifty day moving average price is $20.02 and its 200 day moving average price is $20.06. Columbia US High Yield ETF has a 1 year low of $19.69 and a 1 year high of $20.55.

Institutional Trading of Columbia US High Yield ETF

Several institutional investors have recently modified their holdings of NJNK. Jane Street Group LLC raised its position in shares of 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 worth $225,000 after purchasing an additional 858 shares during the last quarter. Focused Alpha LLC acquired a new stake in Columbia US High Yield ETF in the 4th quarter worth about $758,000. LPL Financial LLC acquired a new stake in Columbia US High Yield ETF in the 4th quarter worth about $786,000. Finally, Ameriprise Financial Inc. boosted its holdings in Columbia US High Yield ETF by 63.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,040,050 shares of the company’s stock worth $41,413,000 after buying an additional 795,000 shares during the last quarter.

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.