Columbia Short Duration Bond ETF (NYSEARCA:SBND – Get Free Report) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 18,772 shares, a decline of 58.6% from the June 30th total of 45,293 shares. Based on an average daily volume of 178,803 shares, the short-interest ratio is currently 0.1 days. Currently, 0.2% of the company’s stock are sold short.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in SBND. LPL Financial LLC raised its holdings in shares of Columbia Short Duration Bond ETF by 623.2% during the fourth quarter. LPL Financial LLC now owns 574,020 shares of the company’s stock worth $10,863,000 after acquiring an additional 494,651 shares during the period. Cetera Investment Advisers lifted its position in Columbia Short Duration Bond ETF by 1,133.6% in the 1st quarter. Cetera Investment Advisers now owns 559,822 shares of the company’s stock valued at $10,516,000 after acquiring an additional 514,439 shares in the last quarter. Spartan Wealth Advisory Services LLC bought a new stake in Columbia Short Duration Bond ETF in the 1st quarter valued at $10,237,000. Bank of America Corp DE boosted its stake in Columbia Short Duration Bond ETF by 144.9% in the 3rd quarter. Bank of America Corp DE now owns 403,792 shares of the company’s stock worth $7,662,000 after purchasing an additional 238,922 shares during the period. Finally, Commonwealth Equity Services LLC acquired a new position in Columbia Short Duration Bond ETF in the 4th quarter worth $3,178,000.
Columbia Short Duration Bond ETF Stock Performance
Shares of SBND opened at $18.66 on Monday. The stock has a 50 day simple moving average of $18.74 and a 200 day simple moving average of $18.83. Columbia Short Duration Bond ETF has a 52-week low of $18.54 and a 52-week high of $19.08.
About Columbia Short Duration Bond ETF
The Columbia Short Duration Bond ETF (SBND) is an exchange-traded fund that is based on the Beta Advantage Short Term Bond index. The fund tracks an index comprised of six sub-indices from different segments within the fixed income space. The six sub-indices each have fixed weights within the fund. SBND was launched on Sep 21, 2021 and is managed by Columbia.
See Also
- Five stocks we like better than Columbia Short Duration Bond ETF
- RTX and Lockheed Earnings: Can Strong Guidance Reset the Defense Trade?
- These 4 Earnings Reports Expose the Market’s Growing Economic Divide
- Broadcom May Be the Biggest Winner From Alphabet’s Earnings
- Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit
Receive News & Ratings for Columbia Short Duration Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Columbia Short Duration Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.
