Columbia Diversified Fixed Income Allocation ETF (NYSEARCA:DIAL) Sees Significant Drop in Short Interest

Columbia Diversified Fixed Income Allocation ETF (NYSEARCA:DIAL) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 210 shares, a decrease of 98.2% from the July 15th total of 11,486 shares. Based on an average daily volume of 34,890 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Columbia Diversified Fixed Income Allocation ETF Stock Performance

DIAL traded up $0.03 on Wednesday, hitting $17.95. 7,941 shares of the company were exchanged, compared to its average volume of 91,377. The stock’s fifty day moving average is $18.05 and its 200-day moving average is $18.20. Columbia Diversified Fixed Income Allocation ETF has a 12 month low of $17.85 and a 12 month high of $18.62.

Hedge Funds Weigh In On Columbia Diversified Fixed Income Allocation ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada raised its stake in Columbia Diversified Fixed Income Allocation ETF by 1.8% in the first quarter. Royal Bank of Canada now owns 172,073 shares of the company’s stock valued at $3,077,000 after buying an additional 3,023 shares during the period. Jane Street Group LLC boosted its stake in shares of Columbia Diversified Fixed Income Allocation ETF by 224.8% during the 1st quarter. Jane Street Group LLC now owns 133,697 shares of the company’s stock worth $2,391,000 after acquiring an additional 92,531 shares during the period. Raymond James Financial Inc. increased its holdings in shares of Columbia Diversified Fixed Income Allocation ETF by 2.4% during the 2nd quarter. Raymond James Financial Inc. now owns 45,758 shares of the company’s stock worth $833,000 after acquiring an additional 1,060 shares during the last quarter. Private Advisor Group LLC acquired a new position in shares of Columbia Diversified Fixed Income Allocation ETF during the 3rd quarter worth approximately $354,000. Finally, UBS Group AG raised its stake in Columbia Diversified Fixed Income Allocation ETF by 0.8% in the 3rd quarter. UBS Group AG now owns 608,235 shares of the company’s stock valued at $11,222,000 after acquiring an additional 4,569 shares during the period. Institutional investors own 2.16% of the company’s stock.

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.