Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) Short Interest Up 97.1% in June

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) saw a large 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. Based on an average daily volume of 120,661 shares, the short-interest ratio is presently 0.8 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MUST. Kestra Advisory Services LLC bought a new stake in shares of Columbia Multi-Sector Municipal Income ETF during the 4th quarter valued at approximately $56,000. EverSource Wealth Advisors LLC lifted its stake 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 position in Columbia Multi-Sector Municipal Income ETF by 53.7% in the fourth quarter. Farther Finance Advisors LLC now owns 6,136 shares of the company’s stock valued at $126,000 after buying an additional 2,143 shares in the last quarter. Ascentis Independent Advisors acquired a new stake in Columbia Multi-Sector Municipal Income ETF in the first quarter valued at approximately $214,000. Finally, Waverly Advisors LLC bought a new stake in shares of Columbia Multi-Sector Municipal Income ETF during the first quarter worth $224,000.

Columbia Multi-Sector Municipal Income ETF Price Performance

Shares of Columbia Multi-Sector Municipal Income ETF stock traded up $0.06 during trading on Thursday, reaching $20.73. 90,661 shares of the company’s stock were exchanged, compared to its average volume of 125,997. Columbia Multi-Sector Municipal Income ETF has a 1-year low of $19.85 and a 1-year high of $21.10. The firm’s 50-day moving average price is $20.58 and its 200 day moving average price is $20.67.

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.