Columbia Short Duration High Yield ETF (NYSEARCA:HYSD – Get Free Report) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 2,743 shares, a decline of 69.2% from the April 30th total of 8,912 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 3,004 shares, the days-to-cover ratio is presently 0.9 days.
Columbia Short Duration High Yield ETF Price Performance
Shares of HYSD traded up $0.02 during trading hours on Friday, hitting $20.26. The company had a trading volume of 4,509 shares, compared to its average volume of 1,854. The firm has a fifty day moving average price of $20.17 and a 200-day moving average price of $20.24. Columbia Short Duration High Yield ETF has a 52-week low of $19.95 and a 52-week high of $20.50.
Hedge Funds Weigh In On Columbia Short Duration High Yield ETF
Several large investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. purchased a new position in shares of Columbia Short Duration High Yield ETF in the 3rd quarter worth about $1,088,000. Ameriprise Financial Inc. raised its position in shares of Columbia Short Duration High Yield ETF by 289.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,847,910 shares of the company’s stock worth $98,517,000 after purchasing an additional 3,602,860 shares during the last quarter. Finally, Jane Street Group LLC raised its position in shares of Columbia Short Duration High Yield ETF by 42.5% in the 2nd 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.
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