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

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 8,700 shares, an increase of 74.0% from the August 31st total of 5,000 shares. Based on an average trading volume of 120,300 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 120,300 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. TruWealth Advisors LLC raised its position in shares of Columbia Multi-Sector Municipal Income ETF by 3.9% in the 3rd quarter. TruWealth Advisors LLC now owns 256,459 shares of the company’s stock worth $5,265,000 after acquiring an additional 9,599 shares in the last quarter. Global Wealth Strategies & Associates increased its position in Columbia Multi-Sector Municipal Income ETF by 7.4% in the 3rd quarter. Global Wealth Strategies & Associates now owns 147,692 shares of the company’s stock valued at $3,032,000 after buying an additional 10,153 shares in the last quarter. Osaic Holdings Inc. increased its position in Columbia Multi-Sector Municipal Income ETF by 37.2% in the 2nd quarter. Osaic Holdings Inc. now owns 182,872 shares of the company’s stock valued at $3,679,000 after buying an additional 49,614 shares in the last quarter. ARQ Wealth Advisors LLC bought a new stake in Columbia Multi-Sector Municipal Income ETF in the 2nd quarter valued at about $2,927,000. Finally, Two Sigma Securities LLC bought a new stake in Columbia Multi-Sector Municipal Income ETF in the 2nd quarter valued at about $269,000.

Columbia Multi-Sector Municipal Income ETF Price Performance

MUST stock opened at $20.55 on Wednesday. The stock has a 50-day moving average price of $20.24 and a 200-day moving average price of $20.08. Columbia Multi-Sector Municipal Income ETF has a 1-year low of $19.00 and a 1-year high of $22.10.

About Columbia Multi-Sector Municipal Income ETF

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.