Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) Short Interest Up 212.5% in May

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 35,024 shares, an increase of 212.5% from the April 30th total of 11,209 shares. Based on an average daily trading volume, of 115,183 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

Columbia Multi-Sector Municipal Income ETF Trading Up 0.2%

NYSEARCA:MUST opened at $20.63 on Friday. The company’s 50 day moving average price is $20.51 and its 200-day moving average price is $20.67. Columbia Multi-Sector Municipal Income ETF has a 52 week low of $19.83 and a 52 week high of $22.10.

Institutional Investors Weigh In On Columbia Multi-Sector Municipal Income ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC purchased a new stake in Columbia Multi-Sector Municipal Income ETF in the fourth quarter worth approximately $56,000. EverSource Wealth Advisors LLC boosted its holdings in Columbia Multi-Sector Municipal Income ETF by 18.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,416 shares of the company’s stock worth $69,000 after purchasing an additional 525 shares during the last quarter. Farther Finance Advisors LLC boosted 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 worth $126,000 after purchasing an additional 2,143 shares during the last quarter. Truist Financial Corp purchased a new stake in Columbia Multi-Sector Municipal Income ETF in the third quarter worth approximately $208,000. Finally, Ascentis Independent Advisors purchased a new stake in Columbia Multi-Sector Municipal Income ETF in the first quarter worth approximately $214,000.

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.