Columbia Short Duration High Yield ETF (NYSEARCA:HYSD) Short Interest Down 69.2% in May
by Doug Wharley · The Cerbat GemColumbia Short Duration High Yield ETF (NYSEARCA:HYSD – Get Free Report) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 2,743 shares, a drop of 69.2% from the April 30th total of 8,912 shares. Based on an average trading volume of 3,004 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.1% of the company’s stock are sold short.
Institutional Investors Weigh In On Columbia Short Duration High Yield ETF
A number of institutional investors have recently bought and sold shares of the business. Jane Street Group LLC boosted its position in Columbia Short Duration High Yield ETF by 42.5% during the 2nd quarter. Jane Street Group LLC now owns 42,182 shares of the company’s stock worth $857,000 after acquiring an additional 12,578 shares during the period. Envestnet Asset Management Inc. acquired a new stake in Columbia Short Duration High Yield ETF during the 3rd quarter worth about $1,088,000. Finally, Ameriprise Financial Inc. boosted its position in Columbia Short Duration High Yield ETF by 289.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,847,910 shares of the company’s stock worth $98,517,000 after acquiring an additional 3,602,860 shares during the period.
Columbia Short Duration High Yield ETF Trading Up 0.1%
NYSEARCA HYSD traded up $0.02 during trading on Friday, reaching $20.26. 4,509 shares of the company’s stock were exchanged, compared to its average volume of 1,854. Columbia Short Duration High Yield ETF has a fifty-two week low of $19.95 and a fifty-two week high of $20.50. The company’s fifty day simple moving average is $20.17 and its 200-day simple moving average is $20.24.
About Columbia Short Duration High Yield ETF
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.