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

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) was the recipient of a significant increase in short interest during 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. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 120,661 shares, the days-to-cover ratio is currently 0.8 days.

Columbia Multi-Sector Municipal Income ETF Stock Performance

Columbia Multi-Sector Municipal Income ETF stock traded down $0.09 during mid-day trading on Wednesday, reaching $20.71. The company’s stock had a trading volume of 30,950 shares, compared to its average volume of 125,017. Columbia Multi-Sector Municipal Income ETF has a twelve month low of $19.85 and a twelve month high of $21.10. The business has a 50 day moving average price of $20.58 and a 200-day moving average price of $20.67.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC acquired a new position in shares of Columbia Multi-Sector Municipal Income ETF during the fourth quarter valued at $56,000. EverSource Wealth Advisors LLC lifted its position in Columbia Multi-Sector Municipal Income ETF by 18.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,416 shares of the company’s stock valued at $69,000 after purchasing an additional 525 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Columbia Multi-Sector Municipal Income ETF by 53.7% during the 4th quarter. Farther Finance Advisors LLC now owns 6,136 shares of the company’s stock valued at $126,000 after purchasing an additional 2,143 shares during the period. Ascentis Independent Advisors acquired a new position in Columbia Multi-Sector Municipal Income ETF during the 1st quarter valued at about $214,000. Finally, Waverly Advisors LLC bought a new position in Columbia Multi-Sector Municipal Income ETF in the 1st quarter worth about $224,000.

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.