Columbia Diversified Fixed Income Allocation ETF (NYSEARCA:DIAL) Shares Shorted: Short Interest Up 107.7% in October

Columbia Diversified Fixed Income Allocation ETF (NYSEARCA:DIAL) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 9,057 shares, an increase of 107.7% from the September 30th total of 4,361 shares. Based on an average daily trading volume, of 81,097 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Columbia Diversified Fixed Income Allocation ETF Stock Performance

Shares of NYSEARCA DIAL traded up $0.01 during mid-day trading on Friday, reaching $17.51. 76,704 shares of the company were exchanged, compared to its average volume of 86,026. Columbia Diversified Fixed Income Allocation ETF has a 52 week low of $17.07 and a 52 week high of $18.62. The company’s 50 day moving average price is $17.53 and its 200 day moving average price is $18.03.

Institutional Trading of Columbia Diversified Fixed Income Allocation ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DIAL. William Mack & Associates Inc. purchased a new stake in shares of Columbia Diversified Fixed Income Allocation ETF in the 3rd quarter worth about $36,000. Walkner Condon Financial Advisors LLC boosted its position in shares of Columbia Diversified Fixed Income Allocation ETF by 19.7% in the 1st quarter. Walkner Condon Financial Advisors LLC now owns 21,285 shares of the company’s stock worth $385,000 after purchasing an additional 3,500 shares in the last quarter. Concurrent Investment Advisors LLC raised its stake in Columbia Diversified Fixed Income Allocation ETF by 1,343.9% during the second 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 last quarter. Royal Bank of Canada boosted 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 worth $4,253,000 after purchasing an additional 28,691 shares in the last quarter. Finally, Bank of America Corp DE increased its position 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 valued at $22,302,000 after acquiring an additional 310,190 shares in the last quarter. Hedge funds and other institutional investors own 2.16% of the company’s stock.

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.