Columbia US High Yield ETF (NYSEARCA:NJNK) Short Interest Down 81.8% in July

Columbia US High Yield ETF (NYSEARCA:NJNK) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 4,216 shares, a decline of 81.8% from the June 30th total of 23,110 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 4,010 shares, the short-interest ratio is presently 1.1 days.

Columbia US High Yield ETF Trading Up 0.1%

Shares of NYSEARCA NJNK traded up $0.02 during mid-day trading on Friday, hitting $19.92. 1,379 shares of the company traded hands, compared to its average volume of 18,506. Columbia US High Yield ETF has a 1 year low of $19.69 and a 1 year high of $20.55. The business has a 50 day moving average of $20.05 and a two-hundred day moving average of $20.12.

Institutional Trading of Columbia US High Yield ETF

Hedge funds have recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its holdings in shares of Columbia US High Yield ETF by 63.9% in the second 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 period. LPL Financial LLC purchased a new stake in shares of Columbia US High Yield ETF in the 4th quarter valued at approximately $786,000. Focused Alpha LLC purchased a new stake in shares of Columbia US High Yield ETF in the 4th quarter valued at approximately $758,000. Finally, Jane Street Group LLC boosted its stake in Columbia US High Yield ETF by 8.4% in 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 period.

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.