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

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 99,661 shares, an increase of 97.1% from the May 31st total of 50,571 shares. Based on an average trading volume of 120,661 shares, the short-interest ratio is currently 0.8 days. Currently, 0.3% of the shares of the company are short sold.

Columbia Multi-Sector Municipal Income ETF Price Performance

MUST opened at $20.73 on Friday. The stock has a fifty day moving average of $20.58 and a 200-day moving average of $20.68. Columbia Multi-Sector Municipal Income ETF has a fifty-two week low of $19.85 and a fifty-two week high of $21.10.

Institutional Trading of Columbia Multi-Sector Municipal Income ETF

Several hedge funds and other institutional investors have recently bought and sold shares of MUST. Morgan Stanley increased its stake in shares of Columbia Multi-Sector Municipal Income ETF by 37.8% in the 4th quarter. Morgan Stanley now owns 4,946,952 shares of the company’s stock valued at $101,957,000 after purchasing an additional 1,357,813 shares during the last quarter. LPL Financial LLC lifted its position in shares of Columbia Multi-Sector Municipal Income ETF by 12.2% during the 4th quarter. LPL Financial LLC now owns 2,825,989 shares of the company’s stock worth $58,244,000 after buying an additional 307,179 shares during the last quarter. Bank of America Corp DE boosted its stake in Columbia Multi-Sector Municipal Income ETF by 27.1% in the first 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 in the first quarter valued at about $4,661,000. Finally, Jane Street Group LLC bought a new position in Columbia Multi-Sector Municipal Income ETF in the second quarter valued at about $4,425,000.

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.