Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) Short Interest Update

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its position in shares of Columbia Multi-Sector Municipal Income ETF by 8.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 9,388 shares of the company’s stock worth $193,000 after purchasing an additional 729 shares during the period. Ascentis Independent Advisors bought a new position in Columbia Multi-Sector Municipal Income ETF in the 1st quarter worth $214,000. Waverly Advisors LLC bought a new stake in Columbia Multi-Sector Municipal Income ETF during the first quarter valued at about $224,000. Prospera Financial Services Inc bought a new stake in Columbia Multi-Sector Municipal Income ETF during the fourth quarter valued at about $425,000. Finally, Fifth Third Bancorp purchased a new position in shares of Columbia Multi-Sector Municipal Income ETF in the first quarter valued at about $467,000.

Columbia Multi-Sector Municipal Income ETF Price Performance

Columbia Multi-Sector Municipal Income ETF stock remained flat at $19.54 during midday trading on Wednesday. 109,194 shares of the company were exchanged, compared to its average volume of 138,240. Columbia Multi-Sector Municipal Income ETF has a 12 month low of $19.53 and a 12 month high of $21.10. The company’s 50 day simple moving average is $20.22 and its 200 day simple moving average is $20.47.

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.