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

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) saw a significant decline in short interest in September. As of September 30th, there was short interest totaling 407 shares, a decline of 98.7% from the September 15th total of 31,250 shares. Based on an average trading volume of 237,339 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Columbia Multi-Sector Municipal Income ETF Price Performance

Shares of Columbia Multi-Sector Municipal Income ETF stock traded up $0.06 during trading on Friday, hitting $19.26. 87,977 shares of the stock traded hands, compared to its average volume of 153,415. Columbia Multi-Sector Municipal Income ETF has a 52 week low of $18.85 and a 52 week high of $21.10. The firm’s fifty day moving average is $19.82 and its 200-day moving average is $20.28.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Concurrent Investment Advisors LLC boosted its holdings 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 increased its holdings in Columbia Multi-Sector Municipal Income ETF by 2,962.7% during 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 raised its position in Columbia Multi-Sector Municipal Income ETF by 27.1% during 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 purchasing an additional 303,189 shares during the last quarter. Spartan Wealth Advisory Services LLC bought a new position in Columbia Multi-Sector Municipal Income ETF during the 1st quarter valued at approximately $4,661,000. Finally, Private Advisor Group LLC lifted its holdings in Columbia Multi-Sector Municipal Income ETF by 1,094.3% in the 1st 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 during the period.

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.