Columbia Diversified Fixed Income Allocation ETF (NYSEARCA:DIAL) Sees Significant Drop in Short Interest

Columbia Diversified Fixed Income Allocation ETF (NYSEARCA:DIAL) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 5,076 shares, a drop of 39.5% from the August 15th total of 8,395 shares. Based on an average daily volume of 30,926 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Columbia Diversified Fixed Income Allocation ETF Trading Down 0.5%

NYSEARCA:DIAL traded down $0.08 during midday trading on Friday, reaching $17.59. 12,897 shares of the stock traded hands, compared to its average volume of 87,564. The company has a fifty day moving average of $17.89 and a 200 day moving average of $18.07. Columbia Diversified Fixed Income Allocation ETF has a 12 month low of $17.56 and a 12 month high of $18.62.

Institutional Trading of Columbia Diversified Fixed Income Allocation ETF

Institutional investors have recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in shares of Columbia Diversified Fixed Income Allocation ETF by 33.6% in the first quarter. Bank of America Corp DE now owns 1,233,531 shares of the company’s stock worth $22,302,000 after buying an additional 310,190 shares during the last quarter. Concurrent Investment Advisors LLC raised its position in Columbia Diversified Fixed Income Allocation ETF by 1,343.9% in the second quarter. Concurrent Investment Advisors LLC now owns 209,952 shares of the company’s stock worth $3,815,000 after acquiring an additional 195,411 shares during the period. Royal Bank of Canada boosted its stake in shares of Columbia Diversified Fixed Income Allocation ETF by 13.9% during the 1st quarter. Royal Bank of Canada now owns 235,193 shares of the company’s stock worth $4,253,000 after acquiring an additional 28,691 shares during the last quarter. Convergence Financial LLC grew its position in shares of Columbia Diversified Fixed Income Allocation ETF by 3.6% during the 4th quarter. Convergence Financial LLC now owns 326,547 shares of the company’s stock valued at $5,994,000 after acquiring an additional 11,294 shares during the period. Finally, Walkner Condon Financial Advisors LLC grew its position in shares of Columbia Diversified Fixed Income Allocation ETF by 19.7% during the 1st quarter. Walkner Condon Financial Advisors LLC now owns 21,285 shares of the company’s stock valued at $385,000 after acquiring an additional 3,500 shares during the period. 2.16% of the stock is currently owned by hedge funds and other institutional investors.

About Columbia Diversified Fixed Income Allocation ETF

The Columbia Diversified Fixed Income Allocation ETF (DIAL) is an exchange-traded fund that is based on the Beta Advantage Multi-Sector Bond index. The fund tracks an index comprised of six sub-indexes, each representing a different sector within the fixed income space. The index allocates fixed weights to each of the six sectors. DIAL was launched on Oct 12, 2017 and is managed by Columbia.