Short Interest in Columbia Diversified Fixed Income Allocation ETF (NYSEARCA:DIAL) Drops By 39.5%

Columbia Diversified Fixed Income Allocation ETF (NYSEARCA:DIAL) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 5,076 shares, a decline of 39.5% from the August 15th total of 8,395 shares. Based on an average daily volume of 30,926 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Columbia Diversified Fixed Income Allocation ETF Price Performance

NYSEARCA DIAL traded up $0.08 during trading hours on Wednesday, reaching $17.65. 19,063 shares of the company’s stock were exchanged, compared to its average volume of 87,716. The company’s 50-day moving average is $17.91 and its two-hundred day moving average is $18.09. Columbia Diversified Fixed Income Allocation ETF has a one year low of $17.56 and a one year high of $18.62.

Institutional Investors Weigh In On Columbia Diversified Fixed Income Allocation ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Walkner Condon Financial Advisors LLC increased its holdings in Columbia Diversified Fixed Income Allocation ETF by 19.7% during the 1st quarter. Walkner Condon Financial Advisors LLC now owns 21,285 shares of the company’s stock worth $385,000 after purchasing an additional 3,500 shares in the last quarter. Concurrent Investment Advisors LLC lifted its holdings in shares of Columbia Diversified Fixed Income Allocation ETF by 1,343.9% in the second quarter. Concurrent Investment Advisors LLC now owns 209,952 shares of the company’s stock valued at $3,815,000 after purchasing an additional 195,411 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Columbia Diversified Fixed Income Allocation ETF by 13.9% during the first quarter. Royal Bank of Canada now owns 235,193 shares of the company’s stock worth $4,253,000 after buying an additional 28,691 shares during the period. Convergence Financial LLC boosted its position in shares of Columbia Diversified Fixed Income Allocation ETF by 3.6% during the fourth quarter. Convergence Financial LLC now owns 326,547 shares of the company’s stock worth $5,994,000 after buying an additional 11,294 shares during the period. Finally, Bank of America Corp DE grew its holdings in shares of Columbia Diversified Fixed Income Allocation ETF by 33.6% during the first quarter. Bank of America Corp DE now owns 1,233,531 shares of the company’s stock worth $22,302,000 after buying an additional 310,190 shares in the last quarter. 2.16% of the stock is currently owned by institutional investors and hedge funds.

About Columbia Diversified Fixed Income Allocation ETF

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.