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

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) was the recipient of a significant decline in short interest in 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. Based on an average trading volume of 130,652 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Columbia Multi-Sector Municipal Income ETF Stock Performance

Shares of Columbia Multi-Sector Municipal Income ETF stock remained flat at $19.54 during trading on Wednesday. 109,194 shares of the stock were exchanged, compared to its average volume of 138,240. Columbia Multi-Sector Municipal Income ETF has a one year low of $19.53 and a one year high of $21.10. The stock’s 50-day moving average is $20.22 and its two-hundred day moving average is $20.47.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE increased 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 buying an additional 303,189 shares in the last quarter. Concurrent Investment Advisors LLC boosted its stake in Columbia Multi-Sector Municipal Income ETF by 2,712.1% in the 2nd 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 in the last quarter. Waverly Advisors LLC grew its position 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 last quarter. Commonwealth Equity Services LLC grew its position in Columbia Multi-Sector Municipal Income ETF by 2.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 280,319 shares of the company’s stock valued at $5,777,000 after purchasing an additional 7,856 shares during the last quarter. Finally, Spartan Wealth Advisory Services LLC bought a new stake in Columbia Multi-Sector Municipal Income ETF during the 1st quarter valued at about $4,661,000.

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.