Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) Short Interest Down 40.9% in August

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) was the target 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. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 130,652 shares, the short-interest ratio is currently 0.2 days.

Columbia Multi-Sector Municipal Income ETF Price Performance

NYSEARCA:MUST traded up $0.13 during mid-day trading on Thursday, hitting $19.67. 292,734 shares of the company’s stock traded hands, compared to its average volume of 139,107. The firm has a 50 day moving average of $20.20 and a two-hundred day moving average of $20.46. Columbia Multi-Sector Municipal Income ETF has a 12 month low of $19.53 and a 12 month high of $21.10.

Hedge Funds Weigh In On Columbia Multi-Sector Municipal Income ETF

Large investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its position in Columbia Multi-Sector Municipal Income ETF by 8.4% in the 4th 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 last quarter. Ascentis Independent Advisors bought a new position in shares of Columbia Multi-Sector Municipal Income ETF during the 1st quarter worth about $214,000. Waverly Advisors LLC acquired a new position in shares of Columbia Multi-Sector Municipal Income ETF during the first quarter valued at about $224,000. Prospera Financial Services Inc acquired a new position in shares of Columbia Multi-Sector Municipal Income ETF during the fourth quarter valued at about $425,000. Finally, Fifth Third Bancorp bought a new stake in shares of Columbia Multi-Sector Municipal Income ETF in the first quarter valued at about $467,000.

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.