Short Interest in Columbia Diversified Fixed Income Allocation ETF (NYSEARCA:DIAL) Drops By 39.5%

Columbia Diversified Fixed Income Allocation ETF (NYSEARCA:DIAL) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 5,076 shares, a drop of 39.5% from the August 15th total of 8,395 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 30,926 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Columbia Diversified Fixed Income Allocation ETF

Several hedge funds have recently modified their holdings of the stock. Bank of America Corp DE increased its position in shares of Columbia Diversified Fixed Income Allocation ETF by 33.6% in the first quarter. Bank of America Corp DE now owns 1,233,531 shares of the company’s stock valued at $22,302,000 after acquiring an additional 310,190 shares during the last quarter. Convergence Financial LLC boosted its position in Columbia Diversified Fixed Income Allocation ETF by 3.6% during the fourth quarter. Convergence Financial LLC now owns 326,547 shares of the company’s stock valued at $5,994,000 after purchasing an additional 11,294 shares during the last quarter. Royal Bank of Canada grew its stake in Columbia Diversified Fixed Income Allocation ETF by 13.9% in the first quarter. Royal Bank of Canada now owns 235,193 shares of the company’s stock valued at $4,253,000 after purchasing an additional 28,691 shares in the last quarter. Concurrent Investment Advisors LLC grew its stake in Columbia Diversified Fixed Income Allocation ETF by 1,343.9% in the second quarter. Concurrent Investment Advisors LLC now owns 209,952 shares of the company’s stock valued at $3,815,000 after purchasing an additional 195,411 shares in the last quarter. Finally, Walkner Condon Financial Advisors LLC increased its position in shares of Columbia Diversified Fixed Income Allocation ETF by 19.7% during the 1st quarter. Walkner Condon Financial Advisors LLC now owns 21,285 shares of the company’s stock worth $385,000 after purchasing an additional 3,500 shares during the last quarter. Institutional investors own 2.16% of the company’s stock.

Columbia Diversified Fixed Income Allocation ETF Stock Performance

Shares of DIAL stock traded up $0.08 during trading on Wednesday, reaching $17.65. The company’s stock had a trading volume of 19,063 shares, compared to its average volume of 87,716. Columbia Diversified Fixed Income Allocation ETF has a one year low of $17.56 and a one year high of $18.62. The business has a fifty day moving average price of $17.91 and a 200-day moving average price of $18.09.

About Columbia Diversified Fixed Income Allocation ETF

The Columbia Diversified Fixed Income Allocation ETF (DIAL) is an exchange-traded fund that is based on the Beta Advantage Multi-Sector Bond index. The fund tracks an index comprised of six sub-indexes, each representing a different sector within the fixed income space. The index allocates fixed weights to each of the six sectors. DIAL was launched on Oct 12, 2017 and is managed by Columbia.