Columbia Diversified Fixed Income Allocation ETF (NYSEARCA:DIAL) Sees Large Decline in Short Interest

Columbia Diversified Fixed Income Allocation ETF (NYSEARCA:DIAL) was the target of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 20,751 shares, a drop of 35.1% from the May 14th total of 31,972 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 119,289 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Columbia Diversified Fixed Income Allocation ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE raised its position in shares of Columbia Diversified Fixed Income Allocation ETF by 33.6% during the 1st quarter. Bank of America Corp DE now owns 1,233,531 shares of the company’s stock valued at $22,302,000 after purchasing an additional 310,190 shares during the period. Royal Bank of Canada raised its position in shares of Columbia Diversified Fixed Income Allocation ETF by 13.9% during the 1st quarter. Royal Bank of Canada now owns 235,193 shares of the company’s stock valued at $4,253,000 after purchasing an additional 28,691 shares during the period. Walkner Condon Financial Advisors LLC raised its position in shares of Columbia Diversified Fixed Income Allocation ETF by 19.7% during the 1st quarter. Walkner Condon Financial Advisors LLC now owns 21,285 shares of the company’s stock valued at $385,000 after purchasing an additional 3,500 shares during the period. Advisory Services Network LLC raised its position in shares of Columbia Diversified Fixed Income Allocation ETF by 28.6% during the 4th quarter. Advisory Services Network LLC now owns 10,066 shares of the company’s stock valued at $185,000 after purchasing an additional 2,236 shares during the period. Finally, MML Investors Services LLC bought a new stake in shares of Columbia Diversified Fixed Income Allocation ETF during the 4th quarter valued at $298,000. 2.16% of the stock is currently owned by institutional investors.

Columbia Diversified Fixed Income Allocation ETF Trading Up 0.1%

Shares of Columbia Diversified Fixed Income Allocation ETF stock traded up $0.01 on Wednesday, hitting $18.23. 15,651 shares of the company’s stock were exchanged, compared to its average volume of 99,976. The company has a 50-day simple moving average of $18.19 and a 200-day simple moving average of $18.30. Columbia Diversified Fixed Income Allocation ETF has a 1 year low of $17.89 and a 1 year high of $18.62.

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.