Columbia Diversified Fixed Income Allocation ETF (NYSEARCA:DIAL – Get Free Report) was the recipient of a large drop in short interest in May. As of May 29th, there was short interest totaling 20,751 shares, a drop of 35.1% from the May 14th total of 31,972 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 119,289 shares, the days-to-cover ratio is currently 0.2 days.
Columbia Diversified Fixed Income Allocation ETF Stock Performance
NYSEARCA DIAL traded up $0.04 on Tuesday, reaching $18.23. 21,069 shares of the stock traded hands, compared to its average volume of 100,520. The firm’s fifty day simple moving average is $18.18 and its 200 day simple moving average is $18.31. Columbia Diversified Fixed Income Allocation ETF has a 12 month low of $17.89 and a 12 month high of $18.62.
Institutional Investors Weigh In On Columbia Diversified Fixed Income Allocation ETF
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Sunbelt Securities Inc. bought a new stake in shares of Columbia Diversified Fixed Income Allocation ETF during the 3rd quarter worth $26,000. Advisory Services Network LLC acquired a new position in shares of Columbia Diversified Fixed Income Allocation ETF in the 3rd quarter worth $144,000. Kestra Advisory Services LLC acquired a new position in shares of Columbia Diversified Fixed Income Allocation ETF in the 4th quarter worth $152,000. Cornerstone Planning Group LLC acquired a new position in shares of Columbia Diversified Fixed Income Allocation ETF in the 4th quarter worth $159,000. Finally, 5T Wealth LLC acquired a new position in shares of Columbia Diversified Fixed Income Allocation ETF in the 4th quarter worth $202,000. Institutional investors and hedge funds own 2.16% of the company’s stock.
Columbia Diversified Fixed Income Allocation ETF Company Profile
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.
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