Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) Sees Significant Decrease in Short Interest

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 48,142 shares, a drop of 34.4% from the July 30th total of 73,403 shares. Based on an average trading volume of 117,922 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the company’s shares are short sold.

Hedge Funds Weigh In On Columbia Multi-Sector Municipal Income ETF

A number of institutional investors have recently bought and sold shares of the company. Kestra Advisory Services LLC purchased a new stake in shares of Columbia Multi-Sector Municipal Income ETF in the 4th quarter valued at approximately $56,000. EverSource Wealth Advisors LLC raised its position in shares of Columbia Multi-Sector Municipal Income ETF by 18.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,416 shares of the company’s stock valued at $69,000 after buying an additional 525 shares during the period. Farther Finance Advisors LLC lifted its holdings in Columbia Multi-Sector Municipal Income ETF by 53.7% in the fourth quarter. Farther Finance Advisors LLC now owns 6,136 shares of the company’s stock valued at $126,000 after acquiring an additional 2,143 shares during the last quarter. Ascentis Independent Advisors acquired a new position in Columbia Multi-Sector Municipal Income ETF in the first quarter valued at approximately $214,000. Finally, Waverly Advisors LLC purchased a new position in Columbia Multi-Sector Municipal Income ETF in the first quarter worth approximately $224,000.

Columbia Multi-Sector Municipal Income ETF Stock Up 0.4%

Shares of NYSEARCA MUST traded up $0.07 during trading on Wednesday, hitting $20.00. 14,530 shares of the company were exchanged, compared to its average volume of 125,694. The company has a fifty day moving average price of $20.41 and a 200-day moving average price of $20.56. Columbia Multi-Sector Municipal Income ETF has a 12-month low of $19.88 and a 12-month high of $21.10.

Columbia Multi-Sector Municipal Income ETF Company Profile

The Columbia Multi-Sector Municipal Income ETF (MUST) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index with fixed-weight exposure to multiple sectors of the US municipal bond market. Each sector is market-value weighted. MUST was launched on Oct 10, 2018 and is managed by Columbia.