Columbia US High Yield ETF (NYSEARCA:NJNK) Sees Large Drop in Short Interest

Columbia US High Yield ETF (NYSEARCA:NJNK) was the target of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 4,216 shares, a decline of 81.8% from the June 30th total of 23,110 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 4,010 shares, the days-to-cover ratio is currently 1.1 days.

Columbia US High Yield ETF Price Performance

NYSEARCA NJNK traded up $0.01 during trading on Monday, reaching $19.93. The company’s stock had a trading volume of 1,689 shares, compared to its average volume of 18,386. The business has a 50-day moving average price of $20.05 and a 200-day moving average price of $20.12. Columbia US High Yield ETF has a 1-year low of $19.69 and a 1-year high of $20.55.

Institutional Investors Weigh In On Columbia US High Yield ETF

A number of large investors have recently bought and sold shares of the business. Jane Street Group LLC increased its position in Columbia US High Yield ETF by 8.4% during the second quarter. Jane Street Group LLC now owns 11,090 shares of the company’s stock worth $225,000 after buying an additional 858 shares during the last quarter. Focused Alpha LLC acquired a new stake in shares of Columbia US High Yield ETF in the fourth quarter worth about $758,000. LPL Financial LLC bought a new stake in shares of Columbia US High Yield ETF during the 4th quarter worth about $786,000. Finally, Ameriprise Financial Inc. boosted its stake in shares of Columbia US High Yield ETF by 63.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,040,050 shares of the company’s stock worth $41,413,000 after acquiring an additional 795,000 shares in the last quarter.

Columbia US High Yield ETF Company Profile

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.