Columbia Diversified Fixed Income Allocation ETF (NYSEARCA:DIAL) Sees Significant Drop in Short Interest

Columbia Diversified Fixed Income Allocation ETF (NYSEARCA:DIAL) was the target of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 1,208 shares, a drop of 76.2% from the August 31st total of 5,076 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 69,251 shares, the short-interest ratio is presently 0.0 days.

Columbia Diversified Fixed Income Allocation ETF Stock Up 0.1%

NYSEARCA:DIAL traded up $0.01 during trading hours on Friday, reaching $17.40. 121,352 shares of the company’s stock were exchanged, compared to its average volume of 87,149. Columbia Diversified Fixed Income Allocation ETF has a 1-year low of $17.33 and a 1-year high of $18.62. The company has a 50-day moving average of $17.83 and a 200 day moving average of $18.04.

Institutional Trading of Columbia Diversified Fixed Income Allocation ETF

Hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its stake in shares of Columbia Diversified Fixed Income Allocation ETF by 33.6% during the first quarter. Bank of America Corp DE now owns 1,233,531 shares of the company’s stock worth $22,302,000 after purchasing an additional 310,190 shares during the last quarter. Concurrent Investment Advisors LLC increased its stake in Columbia Diversified Fixed Income Allocation ETF by 1,343.9% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 209,952 shares of the company’s stock valued at $3,815,000 after buying an additional 195,411 shares during the period. Royal Bank of Canada increased its stake in Columbia Diversified Fixed Income Allocation ETF by 13.9% in the 1st quarter. Royal Bank of Canada now owns 235,193 shares of the company’s stock valued at $4,253,000 after buying an additional 28,691 shares during the period. Convergence Financial LLC raised its position in Columbia Diversified Fixed Income Allocation ETF by 3.6% during the 4th quarter. Convergence Financial LLC now owns 326,547 shares of the company’s stock worth $5,994,000 after buying an additional 11,294 shares during the last quarter. Finally, Walkner Condon Financial Advisors LLC increased its stake in shares of Columbia Diversified Fixed Income Allocation ETF by 19.7% during the first quarter. Walkner Condon Financial Advisors LLC now owns 21,285 shares of the company’s stock worth $385,000 after acquiring an additional 3,500 shares during the period. 2.16% of the stock is owned by institutional investors and hedge funds.

Columbia Diversified Fixed Income Allocation ETF Company Profile

The Columbia Diversified Fixed Income Allocation ETF (DIAL) is an exchange-traded fund that is based on the Beta Advantage Multi-Sector Bond index. The fund tracks an index comprised of six sub-indexes, each representing a different sector within the fixed income space. The index allocates fixed weights to each of the six sectors. DIAL was launched on Oct 12, 2017 and is managed by Columbia.