Columbia Diversified Fixed Income Allocation ETF (NYSEARCA:DIAL) Shares Shorted: Short Interest Up 139.5% in October

Columbia Diversified Fixed Income Allocation ETF (NYSEARCA:DIAL) was the recipient of a large growth in short interest in October. As of October 30th, there was short interest totaling 21,687 shares, a growth of 139.5% from the October 15th total of 9,057 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 78,757 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. William Mack & Associates Inc. acquired a new stake in Columbia Diversified Fixed Income Allocation ETF during the third quarter worth about $36,000. Commonwealth Equity Services LLC bought a new position in Columbia Diversified Fixed Income Allocation ETF in the 3rd quarter valued at about $224,000. Private Advisor Group LLC increased its holdings in Columbia Diversified Fixed Income Allocation ETF by 5.6% in the 3rd quarter. Private Advisor Group LLC now owns 98,615 shares of the company’s stock valued at $1,696,000 after buying an additional 5,272 shares during the period. Concurrent Investment Advisors LLC raised its position in shares of Columbia Diversified Fixed Income Allocation ETF by 1,343.9% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 209,952 shares of the company’s stock valued at $3,815,000 after buying an additional 195,411 shares in the last quarter. Finally, Royal Bank of Canada raised its position in shares of Columbia Diversified Fixed Income Allocation ETF by 13.9% in the 1st quarter. Royal Bank of Canada now owns 235,193 shares of the company’s stock valued at $4,253,000 after buying an additional 28,691 shares in the last quarter. Institutional investors and hedge funds own 2.16% of the company’s stock.

Columbia Diversified Fixed Income Allocation ETF Stock Performance

Shares of NYSEARCA:DIAL traded down $0.04 during trading on Friday, reaching $17.30. 60,447 shares of the company traded hands, compared to its average volume of 86,154. Columbia Diversified Fixed Income Allocation ETF has a 52 week low of $17.07 and a 52 week high of $18.62. The company’s 50 day moving average is $17.45 and its two-hundred day moving average is $17.99.

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.