Short Interest in Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) Declines By 34.4%

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) was the recipient of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 48,142 shares, a decrease of 34.4% from the July 30th total of 73,403 shares. Based on an average daily trading volume, of 117,922 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its position in shares of Columbia Multi-Sector Municipal Income ETF by 18.2% during 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. Janney Montgomery Scott LLC grew its position in shares of Columbia Multi-Sector Municipal Income ETF by 2.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 32,281 shares of the company’s stock valued at $662,000 after acquiring an additional 915 shares during the period. Frederick Financial Consultants LLC raised its holdings in shares of Columbia Multi-Sector Municipal Income ETF by 0.7% in the 4th quarter. Frederick Financial Consultants LLC now owns 137,483 shares of the company’s stock worth $2,834,000 after purchasing an additional 1,012 shares during the period. Advisory Services Network LLC lifted its stake in Columbia Multi-Sector Municipal Income ETF by 4.7% in the third quarter. Advisory Services Network LLC now owns 25,209 shares of the company’s stock valued at $518,000 after purchasing an additional 1,141 shares during the last quarter. Finally, &PARTNERS lifted its stake in Columbia Multi-Sector Municipal Income ETF by 5.8% in the fourth quarter. &PARTNERS now owns 22,769 shares of the company’s stock valued at $469,000 after purchasing an additional 1,246 shares during the last quarter.

Columbia Multi-Sector Municipal Income ETF Stock Down 0.7%

Shares of NYSEARCA MUST traded down $0.15 during mid-day trading on Tuesday, reaching $19.93. 107,294 shares of the company’s stock traded hands, compared to its average volume of 126,292. The business has a 50-day simple moving average of $20.42 and a 200 day simple moving average of $20.56. Columbia Multi-Sector Municipal Income ETF has a 1-year low of $19.88 and a 1-year high of $21.10.

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.