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

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) was the target of 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. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 120,661 shares, the short-interest ratio is currently 0.8 days.

Columbia Multi-Sector Municipal Income ETF Stock Performance

MUST stock traded down $0.09 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 52 week low of $19.85 and a 52 week high of $21.10. The firm has a fifty day moving average of $20.58 and a two-hundred day moving average of $20.67.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its holdings in shares of Columbia Multi-Sector Municipal Income ETF by 56.0% in the third quarter. JPMorgan Chase & Co. now owns 109,985 shares of the company’s stock valued at $2,258,000 after acquiring an additional 39,501 shares in the last quarter. Foundations Investment Advisors LLC lifted its position in Columbia Multi-Sector Municipal Income ETF by 80.0% in the fourth quarter. Foundations Investment Advisors LLC now owns 82,492 shares of the company’s stock worth $1,700,000 after purchasing an additional 36,668 shares during the period. TruWealth Advisors LLC boosted its stake in Columbia Multi-Sector Municipal Income ETF by 13.5% during the 4th quarter. TruWealth Advisors LLC now owns 290,982 shares of the company’s stock valued at $5,997,000 after purchasing an additional 34,523 shares in the last quarter. Genesis Private Wealth LLC increased its position in shares of Columbia Multi-Sector Municipal Income ETF by 6.3% during the 4th quarter. Genesis Private Wealth LLC now owns 126,493 shares of the company’s stock valued at $2,607,000 after purchasing an additional 7,517 shares during the period. Finally, Concurrent Investment Advisors LLC raised its stake in shares of Columbia Multi-Sector Municipal Income ETF by 11.1% in the 4th quarter. Concurrent Investment Advisors LLC now owns 15,165 shares of the company’s stock worth $313,000 after buying an additional 1,520 shares in the last quarter.

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.