Columbia Short Duration Bond ETF (NYSEARCA:SBND) Stock Short Interest Declines 99.9%

Columbia Short Duration Bond ETF (NYSEARCA:SBND) was the target of a large drop in short interest in October. As of October 30th, there was short interest totaling 18 shares, a drop of 99.9% from the October 15th total of 15,497 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 135,589 shares, the days-to-cover ratio is currently 0.0 days.

Columbia Short Duration Bond ETF Trading Down 0.3%

SBND stock traded down $0.05 during trading on Tuesday, hitting $18.40. 220,257 shares of the stock traded hands, compared to its average volume of 115,830. Columbia Short Duration Bond ETF has a one year low of $18.18 and a one year high of $19.08. The company has a 50 day simple moving average of $18.40 and a 200 day simple moving average of $18.70.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cetera Investment Advisers lifted its position in shares of Columbia Short Duration Bond ETF by 1,133.6% during the first quarter. Cetera Investment Advisers now owns 559,822 shares of the company’s stock worth $10,516,000 after purchasing an additional 514,439 shares in the last quarter. Spartan Wealth Advisory Services LLC acquired a new stake in shares of Columbia Short Duration Bond ETF in the first quarter valued at approximately $10,237,000. Commonwealth Equity Services LLC bought a new position in Columbia Short Duration Bond ETF in the 3rd quarter worth approximately $3,571,000. Kestra Advisory Services LLC raised its position in Columbia Short Duration Bond ETF by 105.4% in the 3rd quarter. Kestra Advisory Services LLC now owns 150,938 shares of the company’s stock worth $2,761,000 after purchasing an additional 77,439 shares during the last quarter. Finally, Warner Group LLC raised its position in Columbia Short Duration Bond ETF by 96.8% in the 3rd quarter. Warner Group LLC now owns 77,968 shares of the company’s stock worth $1,426,000 after purchasing an additional 38,354 shares during the last quarter.

About Columbia Short Duration Bond ETF

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.