Columbia Short Duration High Yield ETF (NYSEARCA:HYSD) Sees Significant Decline in Short Interest

Columbia Short Duration High Yield ETF (NYSEARCA:HYSD) was the recipient of a large drop in short interest in May. As of May 15th, there was short interest totaling 2,743 shares, a drop of 69.2% from the April 30th total of 8,912 shares. Based on an average daily trading volume, of 3,004 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.1% of the shares of the company are short sold.

Columbia Short Duration High Yield ETF Price Performance

Columbia Short Duration High Yield ETF stock opened at $20.24 on Friday. Columbia Short Duration High Yield ETF has a 52 week low of $19.95 and a 52 week high of $20.50. The company’s 50 day moving average price is $20.17 and its two-hundred day moving average price is $20.24.

Institutional Investors Weigh In On Columbia Short Duration High Yield ETF

Large investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. purchased a new stake in shares of Columbia Short Duration High Yield ETF during the 3rd quarter worth approximately $1,088,000. Ameriprise Financial Inc. increased its stake in shares of Columbia Short Duration High Yield ETF by 289.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,847,910 shares of the company’s stock worth $98,517,000 after purchasing an additional 3,602,860 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in shares of Columbia Short Duration High Yield ETF by 42.5% during the 2nd quarter. Jane Street Group LLC now owns 42,182 shares of the company’s stock worth $857,000 after purchasing an additional 12,578 shares during the last quarter.

Columbia Short Duration High Yield ETF Company Profile

The Columbia Short Duration High Yield ETF (HYSD) is an exchange-traded fund that mostly invests in high yield fixed income. The fund actively invests in corporate debt securities and floating rate loans rated below investment grade. The fund aims to have a dollar-weighted average effective maturity of five years or less. HYSD was launched on Sep 5, 2024 and is issued by Columbia Threadneedle.