Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) Short Interest Update

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 28,442 shares, a decline of 40.9% from the August 15th total of 48,142 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 130,652 shares, the short-interest ratio is presently 0.2 days.

Columbia Multi-Sector Municipal Income ETF Stock Down 0.8%

Shares of MUST stock traded down $0.15 on Friday, reaching $19.52. The stock had a trading volume of 67,493 shares, compared to its average volume of 138,682. Columbia Multi-Sector Municipal Income ETF has a 12 month low of $19.50 and a 12 month high of $21.10. The firm’s 50-day moving average is $20.19 and its two-hundred day moving average is $20.45.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Concurrent Investment Advisors LLC increased its stake in shares of Columbia Multi-Sector Municipal Income ETF by 2,712.1% during the second quarter. Concurrent Investment Advisors LLC now owns 410,031 shares of the company’s stock worth $8,529,000 after purchasing an additional 395,450 shares during the period. Waverly Advisors LLC boosted its stake in Columbia Multi-Sector Municipal Income ETF by 2,962.7% in the 2nd quarter. Waverly Advisors LLC now owns 334,757 shares of the company’s stock valued at $6,963,000 after purchasing an additional 323,827 shares during the period. Bank of America Corp DE grew its holdings in Columbia Multi-Sector Municipal Income ETF by 27.1% in the 1st quarter. Bank of America Corp DE now owns 1,423,161 shares of the company’s stock valued at $29,189,000 after buying an additional 303,189 shares in the last quarter. Spartan Wealth Advisory Services LLC bought a new position in Columbia Multi-Sector Municipal Income ETF during the 1st quarter worth $4,661,000. Finally, Private Advisor Group LLC lifted its holdings in shares of Columbia Multi-Sector Municipal Income ETF by 1,094.3% during the first quarter. Private Advisor Group LLC now owns 226,313 shares of the company’s stock worth $4,642,000 after buying an additional 207,363 shares in the last quarter.

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.