Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) Sees Large Decrease 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.

Columbia Multi-Sector Municipal Income ETF Stock Performance

Shares of Columbia Multi-Sector Municipal Income ETF stock traded down $0.16 on Friday, hitting $20.36. 59,528 shares of the company traded hands, compared to its average volume of 132,877. The stock’s 50 day moving average price is $20.56 and its 200-day moving average price is $20.68. Columbia Multi-Sector Municipal Income ETF has a 52 week low of $19.83 and a 52 week high of $22.10.

Institutional Trading of Columbia Multi-Sector Municipal Income ETF

Several institutional investors and hedge funds have recently modified their holdings of MUST. Morgan Stanley raised 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 acquiring an additional 1,357,813 shares in the last quarter. LPL Financial LLC raised 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 acquiring an additional 307,179 shares in the last quarter. Spartan Wealth Advisory Services LLC bought a new stake in shares of Columbia Multi-Sector Municipal Income ETF during the first quarter valued at approximately $4,661,000. Jane Street Group LLC bought a new stake in shares of Columbia Multi-Sector Municipal Income ETF during the second quarter valued at approximately $4,425,000. Finally, Private Advisor Group LLC raised its stake 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 valued at $4,642,000 after acquiring 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.