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

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 11,209 shares, a decrease of 50.6% from the April 15th total of 22,696 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 157,823 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Morgan Stanley grew its stake in shares of Columbia Multi-Sector Municipal Income ETF by 37.8% during the fourth quarter. Morgan Stanley now owns 4,946,952 shares of the company’s stock valued at $101,957,000 after buying an additional 1,357,813 shares during the last quarter. LPL Financial LLC grew its stake in shares of Columbia Multi-Sector Municipal Income ETF by 12.2% during the fourth quarter. LPL Financial LLC now owns 2,825,989 shares of the company’s stock valued at $58,244,000 after buying an additional 307,179 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Columbia Multi-Sector Municipal Income ETF by 6.4% during the third quarter. Ameriprise Financial Inc. now owns 2,764,341 shares of the company’s stock valued at $56,756,000 after buying an additional 165,244 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Columbia Multi-Sector Municipal Income ETF by 10.0% during the second quarter. Bank of America Corp DE now owns 1,069,403 shares of the company’s stock valued at $21,516,000 after buying an additional 96,794 shares during the last quarter. Finally, Haven Private LLC grew its stake in shares of Columbia Multi-Sector Municipal Income ETF by 9.6% during the fourth quarter. Haven Private LLC now owns 956,523 shares of the company’s stock valued at $19,714,000 after buying an additional 84,091 shares during the last quarter.

Columbia Multi-Sector Municipal Income ETF Trading Down 0.8%

Shares of MUST traded down $0.16 during mid-day trading on Friday, reaching $20.36. 59,528 shares of the company’s stock traded hands, compared to its average volume of 132,877. The stock’s 50-day moving average is $20.56 and its two-hundred day moving average is $20.68. Columbia Multi-Sector Municipal Income ETF has a 12 month low of $19.83 and a 12 month high of $22.10.

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.