Columbia Short Duration Bond ETF (NYSEARCA:SBND) Short Interest Update

Columbia Short Duration Bond ETF (NYSEARCA:SBND) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 6,229 shares, a drop of 56.5% from the August 15th total of 14,310 shares. Based on an average daily volume of 74,047 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Columbia Short Duration Bond ETF Trading Down 0.2%

Shares of SBND traded down $0.03 during midday trading on Monday, hitting $18.46. 178,383 shares of the company traded hands, compared to its average volume of 95,984. The stock has a 50-day moving average of $18.67 and a 200-day moving average of $18.76. Columbia Short Duration Bond ETF has a one year low of $18.45 and a one year high of $19.08.

Institutional Trading of Columbia Short Duration Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of SBND. Western Wealth Management LLC purchased a new stake in Columbia Short Duration Bond ETF in the 1st quarter worth approximately $64,000. Cetera Investment Advisers grew its position in shares of Columbia Short Duration Bond ETF by 1,133.6% during the 1st quarter. Cetera Investment Advisers now owns 559,822 shares of the company’s stock valued at $10,516,000 after purchasing an additional 514,439 shares in the last quarter. Spartan Wealth Advisory Services LLC bought a new position in shares of Columbia Short Duration Bond ETF in the first quarter worth $10,237,000. Kestra Advisory Services LLC increased its holdings in shares of Columbia Short Duration Bond ETF by 267.6% in the first quarter. Kestra Advisory Services LLC now owns 78,661 shares of the company’s stock worth $1,478,000 after purchasing an additional 57,265 shares during the period. Finally, Axis Wealth Partners LLC raised its position in shares of Columbia Short Duration Bond ETF by 2.1% in the first quarter. Axis Wealth Partners LLC now owns 27,541 shares of the company’s stock worth $517,000 after buying an additional 559 shares in the last quarter.

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.