Columbia Diversified Fixed Income Allocation ETF (NYSEARCA:DIAL) Sees Large Increase in Short Interest

Columbia Diversified Fixed Income Allocation ETF (NYSEARCA:DIAL) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 9,057 shares, an increase of 107.7% from the September 30th total of 4,361 shares. Based on an average daily trading volume, of 81,097 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Columbia Diversified Fixed Income Allocation ETF Stock Up 0.1%

Shares of NYSEARCA DIAL traded up $0.01 during trading hours on Friday, reaching $17.51. The stock had a trading volume of 76,704 shares, compared to its average volume of 86,026. Columbia Diversified Fixed Income Allocation ETF has a 52-week low of $17.07 and a 52-week high of $18.62. The business’s fifty day moving average price is $17.53 and its two-hundred day moving average price is $18.03.

Hedge Funds Weigh In On Columbia Diversified Fixed Income Allocation ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DIAL. Bank of America Corp DE raised its holdings in Columbia Diversified Fixed Income Allocation ETF by 33.6% during the 1st quarter. Bank of America Corp DE now owns 1,233,531 shares of the company’s stock valued at $22,302,000 after buying an additional 310,190 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Columbia Diversified Fixed Income Allocation ETF by 13.9% in the 1st quarter. Royal Bank of Canada now owns 235,193 shares of the company’s stock valued at $4,253,000 after acquiring an additional 28,691 shares during the period. Concurrent Investment Advisors LLC increased its holdings in shares of 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 during the period. Walkner Condon Financial Advisors LLC increased its holdings in Columbia Diversified Fixed Income Allocation ETF by 19.7% in the 1st quarter. Walkner Condon Financial Advisors LLC now owns 21,285 shares of the company’s stock worth $385,000 after acquiring an additional 3,500 shares in the last quarter. Finally, William Mack & Associates Inc. purchased a new stake in shares of Columbia Diversified Fixed Income Allocation ETF in the third quarter valued at about $36,000. 2.16% of the stock is owned by institutional investors.

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.