Columbia US High Yield ETF (NYSEARCA:NJNK) Sees Large Increase in Short Interest

Columbia US High Yield ETF (NYSEARCA:NJNKGet Free Report) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 23,110 shares, a growth of 834.1% from the June 15th total of 2,474 shares. Approximately 1.2% of the company’s shares are short sold. Based on an average daily volume of 8,274 shares, the short-interest ratio is presently 2.8 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NJNK. Jane Street Group LLC lifted its stake in shares of Columbia US High Yield ETF by 8.4% in the 2nd quarter. Jane Street Group LLC now owns 11,090 shares of the company’s stock valued at $225,000 after purchasing an additional 858 shares during the period. Focused Alpha LLC purchased a new stake in Columbia US High Yield ETF in the fourth quarter worth $758,000. LPL Financial LLC bought a new position in Columbia US High Yield ETF in the fourth quarter worth $786,000. Finally, Ameriprise Financial Inc. lifted its position in Columbia US High Yield ETF by 63.9% during the second quarter. Ameriprise Financial Inc. now owns 2,040,050 shares of the company’s stock valued at $41,413,000 after buying an additional 795,000 shares during the period.

Columbia US High Yield ETF Price Performance

Shares of NYSEARCA NJNK remained flat at $20.03 during midday trading on Friday. 1,218 shares of the company traded hands, compared to its average volume of 19,785. Columbia US High Yield ETF has a one year low of $19.69 and a one year high of $20.55. The firm has a 50-day moving average of $20.07 and a 200-day moving average of $20.14.

Columbia US High Yield ETF Company Profile

(Get Free Report)

The Columbia U.S. High Yield ETF (NJNK) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund that invests in high-yield US corporate bonds of any maturity. The funds objective is to provide a high level of current income. NJNK was launched on Sep 5, 2024 and is issued by Columbia Threadneedle.

See Also

Receive News & Ratings for Columbia US High Yield ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Columbia US High Yield ETF and related companies with MarketBeat.com's FREE daily email newsletter.