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

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) saw a large decline in short interest in October. As of October 30th, there was short interest totaling 510 shares, a decline of 99.8% from the October 15th total of 301,994 shares. Based on an average daily trading volume, of 379,664 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Columbia Multi-Sector Municipal Income ETF Trading Down 0.6%

Columbia Multi-Sector Municipal Income ETF stock traded down $0.13 during mid-day trading on Thursday, hitting $19.87. The stock had a trading volume of 500,402 shares, compared to its average volume of 173,347. The firm’s 50 day moving average is $19.56 and its 200 day moving average is $20.32. Columbia Multi-Sector Municipal Income ETF has a one year low of $18.85 and a one year high of $21.10.

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

Large investors have recently made changes to their positions in the business. Concurrent Investment Advisors LLC grew its position in shares of Columbia Multi-Sector Municipal Income ETF by 2,712.1% during the second quarter. Concurrent Investment Advisors LLC now owns 410,031 shares of the company’s stock worth $8,529,000 after purchasing an additional 395,450 shares in the last quarter. Waverly Advisors LLC lifted its holdings in Columbia Multi-Sector Municipal Income ETF by 2,962.7% in the 2nd quarter. Waverly Advisors LLC now owns 334,757 shares of the company’s stock worth $6,963,000 after purchasing an additional 323,827 shares in the last quarter. Bank of America Corp DE lifted its holdings in Columbia Multi-Sector Municipal Income ETF by 27.1% in the 1st quarter. Bank of America Corp DE now owns 1,423,161 shares of the company’s stock worth $29,189,000 after purchasing an additional 303,189 shares in the last quarter. Spartan Wealth Advisory Services LLC purchased a new position in Columbia Multi-Sector Municipal Income ETF in the 1st quarter worth approximately $4,661,000. Finally, Commonwealth Equity Services LLC bought a new position in Columbia Multi-Sector Municipal Income ETF in the 3rd quarter worth approximately $3,017,000.

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.