Short Interest in Columbia Short Duration Bond ETF (NYSEARCA:SBND) Decreases By 56.5%

Columbia Short Duration Bond ETF (NYSEARCA:SBND) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 6,229 shares, a decline of 56.5% from the August 15th total of 14,310 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 74,047 shares, the days-to-cover ratio is currently 0.1 days.

Columbia Short Duration Bond ETF Stock Up 0.1%

SBND traded up $0.01 during trading on Tuesday, reaching $18.47. 74,071 shares of the stock were exchanged, compared to its average volume of 95,859. Columbia Short Duration Bond ETF has a 1 year low of $18.45 and a 1 year high of $19.08. The business’s 50 day moving average price is $18.66 and its two-hundred day moving average price is $18.75.

Institutional Investors Weigh In On Columbia Short Duration Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Spartan Wealth Advisory Services LLC acquired a new position in Columbia Short Duration Bond ETF during the first quarter worth about $10,237,000. Cetera Investment Advisers grew its position in shares of Columbia Short Duration Bond ETF by 1,133.6% in the first quarter. Cetera Investment Advisers now owns 559,822 shares of the company’s stock valued at $10,516,000 after purchasing an additional 514,439 shares during the last quarter. Commonwealth Equity Services LLC acquired a new stake in shares of Columbia Short Duration Bond ETF in the fourth quarter valued at approximately $3,178,000. Kestra Advisory Services LLC increased its stake in shares of Columbia Short Duration Bond ETF by 267.6% during the 1st quarter. Kestra Advisory Services LLC now owns 78,661 shares of the company’s stock worth $1,478,000 after purchasing an additional 57,265 shares in the last quarter. Finally, Essex Financial Services Inc. purchased a new position in shares of Columbia Short Duration Bond ETF during the 4th quarter worth approximately $201,000.

About Columbia Short Duration Bond ETF

The Columbia Short Duration Bond ETF (SBND) is an exchange-traded fund that is based on the Beta Advantage Short Term Bond index. The fund tracks an index comprised of six sub-indices from different segments within the fixed income space. The six sub-indices each have fixed weights within the fund. SBND was launched on Sep 21, 2021 and is managed by Columbia.