Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST – Get Free Report) saw a significant decline in short interest in August. As of August 14th, there was short interest totaling 48,142 shares, a decline of 34.4% from the July 30th total of 73,403 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 117,922 shares, the days-to-cover ratio is presently 0.4 days.
Columbia Multi-Sector Municipal Income ETF Trading Down 0.7%
MUST traded down $0.15 on Tuesday, reaching $19.93. The company had a trading volume of 107,294 shares, 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 52-week low of $19.88 and a 52-week high of $21.10.
Institutional Investors Weigh In On Columbia Multi-Sector Municipal Income ETF
Large investors have recently added to or reduced their stakes in the company. Vested Financial Planning LLC bought a new position in Columbia Multi-Sector Municipal Income ETF in the 2nd quarter worth $539,000. Concurrent Investment Advisors LLC increased 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 valued at $8,529,000 after buying an additional 395,450 shares during the period. Global Wealth Strategies & Associates raised its stake in Columbia Multi-Sector Municipal Income ETF by 7.2% in the second quarter. Global Wealth Strategies & Associates now owns 176,439 shares of the company’s stock worth $3,670,000 after buying an additional 11,917 shares in the last quarter. Bank of America Corp DE raised its stake in Columbia Multi-Sector Municipal Income ETF by 27.1% in the first quarter. Bank of America Corp DE now owns 1,423,161 shares of the company’s stock worth $29,189,000 after buying an additional 303,189 shares in the last quarter. Finally, Waverly Advisors LLC purchased a new stake in Columbia Multi-Sector Municipal Income ETF in the first quarter worth about $224,000.
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.
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