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

Columbia US High Yield ETF (NYSEARCA:NJNK) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 5,317 shares, an increase of 57.5% from the July 30th total of 3,375 shares. Based on an average trading volume of 2,920 shares, the short-interest ratio is presently 1.8 days. Currently, 0.3% of the shares of the company are short sold.

Columbia US High Yield ETF Stock Up 0.1%

Shares of NYSEARCA:NJNK opened at $19.89 on Thursday. Columbia US High Yield ETF has a 1-year low of $19.69 and a 1-year high of $20.55. The firm’s 50 day simple moving average is $20.02 and its two-hundred day simple moving average is $20.06.

Institutional Trading of Columbia US High Yield ETF

Several institutional investors and hedge funds have recently modified their holdings of NJNK. Jane Street Group LLC lifted its stake in shares of Columbia US High Yield ETF by 8.4% during the 2nd quarter. Jane Street Group LLC now owns 11,090 shares of the company’s stock valued at $225,000 after buying an additional 858 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Columbia US High Yield ETF by 63.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,040,050 shares of the company’s stock worth $41,413,000 after buying an additional 795,000 shares during the period. LPL Financial LLC purchased a new stake in Columbia US High Yield ETF in the 4th quarter worth $786,000. Finally, Focused Alpha LLC purchased a new stake in Columbia US High Yield ETF in the 4th quarter worth $758,000.

About Columbia US High Yield ETF

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.