Short Interest in Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) Drops By 50.6%

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) saw a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 11,209 shares, a decline of 50.6% from the April 15th total of 22,696 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 157,823 shares, the days-to-cover ratio is currently 0.1 days.

Columbia Multi-Sector Municipal Income ETF Stock Performance

NYSEARCA:MUST traded down $0.16 on Friday, hitting $20.36. The stock had a trading volume of 59,528 shares, compared to its average volume of 132,877. The company has a fifty day moving average price of $20.56 and a two-hundred day moving average price of $20.68. Columbia Multi-Sector Municipal Income ETF has a 1-year low of $19.83 and a 1-year high of $22.10.

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

Several large investors have recently made changes to their positions in the stock. Waverly Advisors LLC acquired a new position in shares of Columbia Multi-Sector Municipal Income ETF in the 1st quarter worth approximately $224,000. Cetera Investment Advisers lifted its holdings in shares of Columbia Multi-Sector Municipal Income ETF by 2.2% in the 1st quarter. Cetera Investment Advisers now owns 127,296 shares of the company’s stock worth $2,611,000 after acquiring an additional 2,801 shares during the last quarter. Spartan Wealth Advisory Services LLC acquired a new position in shares of Columbia Multi-Sector Municipal Income ETF in the 1st quarter worth approximately $4,661,000. Fifth Third Bancorp acquired a new position in shares of Columbia Multi-Sector Municipal Income ETF in the 1st quarter worth approximately $467,000. Finally, Arbor Capital Management Inc. ADV lifted its holdings in shares of Columbia Multi-Sector Municipal Income ETF by 6.8% in the 1st quarter. Arbor Capital Management Inc. ADV now owns 82,823 shares of the company’s stock worth $1,704,000 after acquiring an additional 5,308 shares during 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.