Short Interest in Columbia Short Duration High Yield ETF (NYSEARCA:HYSD) Increases By 494.1%

Columbia Short Duration High Yield ETF (NYSEARCA:HYSD) was the target of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 8,912 shares, a growth of 494.1% from the April 15th total of 1,500 shares. Based on an average daily volume of 3,373 shares, the days-to-cover ratio is currently 2.6 days. Approximately 0.2% of the shares of the company are sold short.

Columbia Short Duration High Yield ETF Stock Up 0.0%

Shares of HYSD traded up $0.01 during midday trading on Thursday, reaching $20.18. 1,014 shares of the stock were exchanged, compared to its average volume of 1,702. Columbia Short Duration High Yield ETF has a twelve month low of $19.95 and a twelve month high of $20.50. The stock’s 50 day simple moving average is $20.16 and its 200 day simple moving average is $20.25.

Institutional Investors Weigh In On Columbia Short Duration High Yield ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. bought a new position in shares of Columbia Short Duration High Yield ETF in the third quarter worth $1,088,000. Ameriprise Financial Inc. grew its position in Columbia Short Duration High Yield ETF by 289.4% in the second quarter. Ameriprise Financial Inc. now owns 4,847,910 shares of the company’s stock valued at $98,517,000 after acquiring an additional 3,602,860 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of Columbia Short Duration High Yield ETF by 42.5% during the second quarter. Jane Street Group LLC now owns 42,182 shares of the company’s stock worth $857,000 after purchasing an additional 12,578 shares during the last quarter.

Columbia Short Duration High Yield ETF Company Profile

The Columbia Short Duration High Yield ETF (HYSD) is an exchange-traded fund that mostly invests in high yield fixed income. The fund actively invests in corporate debt securities and floating rate loans rated below investment grade. The fund aims to have a dollar-weighted average effective maturity of five years or less. HYSD was launched on Sep 5, 2024 and is issued by Columbia Threadneedle.