Columbia Short Duration Bond ETF (NYSEARCA:SBND) Sees Significant Growth in Short Interest

Columbia Short Duration Bond ETF (NYSEARCA:SBND) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 15,497 shares, a growth of 62.9% from the September 30th total of 9,512 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 73,462 shares, the short-interest ratio is presently 0.2 days.

Columbia Short Duration Bond ETF Price Performance

Shares of NYSEARCA:SBND traded down $0.06 during midday trading on Monday, reaching $18.38. The company had a trading volume of 1,860 shares, compared to its average volume of 95,846. Columbia Short Duration Bond ETF has a 1-year low of $18.18 and a 1-year high of $19.08. The business’s 50 day moving average price is $18.44 and its 200 day moving average price is $18.72.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers grew its stake in shares of Columbia Short Duration Bond ETF by 1,133.6% in the first quarter. Cetera Investment Advisers now owns 559,822 shares of the company’s stock valued at $10,516,000 after buying an additional 514,439 shares in the last quarter. Spartan Wealth Advisory Services LLC acquired a new position in Columbia Short Duration Bond ETF during the first quarter worth $10,237,000. Kestra Advisory Services LLC increased its holdings in Columbia Short Duration Bond ETF by 267.6% during the first quarter. Kestra Advisory Services LLC now owns 78,661 shares of the company’s stock worth $1,478,000 after buying an additional 57,265 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Columbia Short Duration Bond ETF by 3.4% during the first quarter. Janney Montgomery Scott LLC now owns 64,685 shares of the company’s stock worth $1,215,000 after acquiring an additional 2,140 shares in the last quarter. Finally, Western Wealth Management LLC bought a new stake in Columbia Short Duration Bond ETF during the first quarter worth $64,000.

Columbia Short Duration Bond ETF Company Profile

The Columbia Short Duration Bond ETF (SBND) is an exchange-traded fund that is based on the Beta Advantage Short Term Bond index. The fund tracks an index comprised of six sub-indices from different segments within the fixed income space. The six sub-indices each have fixed weights within the fund. SBND was launched on Sep 21, 2021 and is managed by Columbia.