Short Interest in Columbia Short Duration Bond ETF (NYSEARCA:SBND) Decreases By 89.7%

Columbia Short Duration Bond ETF (NYSEARCA:SBND) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 1,939 shares, a decline of 89.7% from the July 15th total of 18,772 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 110,918 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Columbia Short Duration Bond ETF

Several large investors have recently added to or reduced their stakes in SBND. Farther Finance Advisors LLC purchased a new stake in Columbia Short Duration Bond ETF in the 4th quarter valued at about $25,000. ADG Wealth Management Group LLC purchased a new stake in Columbia Short Duration Bond ETF in the first quarter valued at approximately $50,000. Western Wealth Management LLC acquired a new position in Columbia Short Duration Bond ETF during the first quarter worth approximately $64,000. Warner Group LLC acquired a new position in Columbia Short Duration Bond ETF during the fourth quarter worth approximately $197,000. Finally, Essex Financial Services Inc. purchased a new position in Columbia Short Duration Bond ETF during the fourth quarter worth approximately $201,000.

Columbia Short Duration Bond ETF Stock Up 0.1%

NYSEARCA SBND traded up $0.02 during mid-day trading on Wednesday, reaching $18.69. 33,124 shares of the stock were exchanged, compared to its average volume of 98,557. Columbia Short Duration Bond ETF has a 1-year low of $18.54 and a 1-year high of $19.08. The business’s fifty day simple moving average is $18.72 and its 200 day simple moving average is $18.81.

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.