Columbia Short Duration High Yield ETF (NYSEARCA:HYSD – Get Free Report) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 8,912 shares, a growth of 494.1% from the April 15th total of 1,500 shares. Based on an average daily trading volume, of 3,373 shares, the days-to-cover ratio is presently 2.6 days. Approximately 0.2% of the shares of the company are short sold.
Columbia Short Duration High Yield ETF Stock Performance
HYSD stock traded down $0.06 on Tuesday, reaching $20.14. The company’s stock had a trading volume of 2,090 shares, compared to its average volume of 1,699. Columbia Short Duration High Yield ETF has a 52 week low of $19.95 and a 52 week high of $20.50. The firm has a fifty day moving average of $20.16 and a two-hundred day moving average of $20.25.
Hedge Funds Weigh In On Columbia Short Duration High Yield ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new position in Columbia Short Duration High Yield ETF during the 1st quarter valued at $591,000. Envestnet Asset Management Inc. bought a new position in Columbia Short Duration High Yield ETF during the 3rd quarter valued at $1,088,000. Finally, Ameriprise Financial Inc. boosted its stake in Columbia Short Duration High Yield ETF by 289.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,847,910 shares of the company’s stock valued at $98,517,000 after purchasing an additional 3,602,860 shares in the last quarter.
About Columbia Short Duration High Yield ETF
The Columbia Short Duration High Yield ETF (HYSD) is an exchange-traded fund that mostly invests in high yield fixed income. The fund actively invests in corporate debt securities and floating rate loans rated below investment grade. The fund aims to have a dollar-weighted average effective maturity of five years or less. HYSD was launched on Sep 5, 2024 and is issued by Columbia Threadneedle.
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