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

Columbia Diversified Fixed Income Allocation ETF (NYSEARCA:DIAL) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 31,972 shares, an increase of 349.2% from the April 30th total of 7,117 shares. Based on an average trading volume of 37,647 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.1% of the company’s stock are short sold.

Columbia Diversified Fixed Income Allocation ETF Stock Up 0.3%

NYSEARCA:DIAL opened at $18.24 on Friday. Columbia Diversified Fixed Income Allocation ETF has a fifty-two week low of $17.83 and a fifty-two week high of $18.62. The stock’s 50-day moving average is $18.16 and its two-hundred day moving average is $18.33.

Hedge Funds Weigh In On Columbia Diversified Fixed Income Allocation ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Convergence Financial LLC purchased a new position in Columbia Diversified Fixed Income Allocation ETF during the 3rd quarter valued at about $5,816,000. Royal Bank of Canada grew its stake in 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 acquiring an additional 28,691 shares in the last quarter. Walkner Condon Financial Advisors LLC grew its stake in 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 acquiring an additional 3,500 shares in the last quarter. BankPlus Wealth Management LLC grew its stake in Columbia Diversified Fixed Income Allocation ETF by 14.0% during the 4th quarter. BankPlus Wealth Management LLC now owns 58,402 shares of the company’s stock valued at $1,072,000 after acquiring an additional 7,186 shares in the last quarter. Finally, Cornerstone Planning Group LLC purchased a new position in Columbia Diversified Fixed Income Allocation ETF during the 4th quarter valued at about $159,000. Hedge funds and other institutional investors own 2.16% of the company’s stock.

About Columbia Diversified Fixed Income Allocation ETF

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.