Columbia US High Yield ETF (NYSEARCA:NJNK – Get Free Report) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 23,110 shares, an increase of 834.1% from the June 15th total of 2,474 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average trading volume of 8,274 shares, the short-interest ratio is presently 2.8 days.
Hedge Funds Weigh In On Columbia US High Yield ETF
A number of hedge funds have recently bought and sold shares of NJNK. Ameriprise Financial Inc. increased its position in shares of Columbia US High Yield ETF by 63.9% in the second quarter. Ameriprise Financial Inc. now owns 2,040,050 shares of the company’s stock valued at $41,413,000 after buying an additional 795,000 shares in the last quarter. LPL Financial LLC purchased a new position in shares of Columbia US High Yield ETF during the 4th quarter valued at approximately $786,000. Focused Alpha LLC acquired a new stake in Columbia US High Yield ETF in the 4th quarter valued at $758,000. Finally, Jane Street Group LLC grew its stake in Columbia US High Yield ETF by 8.4% in the 2nd quarter. Jane Street Group LLC now owns 11,090 shares of the company’s stock valued at $225,000 after acquiring an additional 858 shares during the period.
Columbia US High Yield ETF Price Performance
NJNK stock opened at $20.03 on Monday. The company’s 50-day simple moving average is $20.07 and its 200-day simple moving average is $20.14. Columbia US High Yield ETF has a 52-week low of $19.69 and a 52-week high of $20.55.
About Columbia US High Yield ETF
The Columbia U.S. High Yield ETF (NJNK) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund that invests in high-yield US corporate bonds of any maturity. The funds objective is to provide a high level of current income. NJNK was launched on Sep 5, 2024 and is issued by Columbia Threadneedle.
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