Columbia US High Yield ETF (NYSEARCA:NJNK) Sees Significant Growth in Short Interest

Columbia US High Yield ETF (NYSEARCA:NJNK) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 2,169 shares, a growth of 135.8% from the May 14th total of 920 shares. Based on an average daily trading volume, of 3,575 shares, the short-interest ratio is presently 0.6 days. Approximately 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Columbia US High Yield ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. boosted its position in Columbia US High Yield ETF by 63.9% in the 2nd 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 during the period. LPL Financial LLC purchased a new stake in shares of Columbia US High Yield ETF during the 4th quarter worth $786,000. Focused Alpha LLC purchased a new stake in shares of Columbia US High Yield ETF during the 4th quarter worth $758,000. Finally, Jane Street Group LLC lifted its position in shares of Columbia US High Yield ETF by 8.4% during the 2nd quarter. Jane Street Group LLC now owns 11,090 shares of the company’s stock worth $225,000 after purchasing an additional 858 shares during the last quarter.

Columbia US High Yield ETF Stock Performance

NJNK stock traded up $0.01 during midday trading on Friday, hitting $20.07. The company’s stock had a trading volume of 2,892 shares, compared to its average volume of 21,898. Columbia US High Yield ETF has a 52-week low of $19.69 and a 52-week high of $20.55. The firm has a 50-day simple moving average of $20.08 and a 200-day simple moving average of $20.17.

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.