Columbia US High Yield ETF (NYSEARCA:NJNK) Short Interest Update

Columbia US High Yield ETF (NYSEARCA:NJNK) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 2,169 shares, an increase of 135.8% from the May 14th total of 920 shares. Based on an average daily volume of 3,575 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.1% of the company’s stock are sold short.

Columbia US High Yield ETF Price Performance

Shares of NJNK stock opened at $20.07 on Monday. Columbia US High Yield ETF has a 1-year low of $19.69 and a 1-year high of $20.55. The stock’s 50-day moving average is $20.08 and its 200 day moving average is $20.17.

Institutional Investors Weigh In On Columbia US High Yield ETF

Institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC boosted its position in Columbia US High Yield ETF by 8.4% during the second 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 in the last quarter. Focused Alpha LLC purchased a new stake in Columbia US High Yield ETF in the fourth quarter valued at about $758,000. LPL Financial LLC purchased a new stake in Columbia US High Yield ETF in the fourth quarter valued at about $786,000. Finally, Ameriprise Financial Inc. raised its stake in Columbia US High Yield ETF by 63.9% in 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 last quarter.

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.