Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) Short Interest Up 212.5% in May

Columbia Multi-Sector Municipal Income ETF (NYSEARCA:MUST) saw a significant increase in short interest in May. As of May 15th, there was short interest totaling 35,024 shares, an increase of 212.5% from the April 30th total of 11,209 shares. Based on an average daily trading volume, of 115,183 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are sold short.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in shares of Columbia Multi-Sector Municipal Income ETF by 56.0% during the third quarter. JPMorgan Chase & Co. now owns 109,985 shares of the company’s stock valued at $2,258,000 after purchasing an additional 39,501 shares in the last quarter. Haven Private LLC increased its stake in shares of Columbia Multi-Sector Municipal Income ETF by 6.2% during the third quarter. Haven Private LLC now owns 872,432 shares of the company’s stock valued at $17,911,000 after purchasing an additional 50,839 shares in the last quarter. TruWealth Advisors LLC increased its stake in shares of Columbia Multi-Sector Municipal Income ETF by 13.5% during the fourth quarter. TruWealth Advisors LLC now owns 290,982 shares of the company’s stock valued at $5,997,000 after purchasing an additional 34,523 shares in the last quarter. TBH Global Asset Management LLC bought a new position in shares of Columbia Multi-Sector Municipal Income ETF during the fourth quarter valued at approximately $467,000. Finally, DAVENPORT & Co LLC increased its stake in shares of Columbia Multi-Sector Municipal Income ETF by 20.9% during the fourth quarter. DAVENPORT & Co LLC now owns 18,528 shares of the company’s stock valued at $382,000 after purchasing an additional 3,203 shares in the last quarter.

Columbia Multi-Sector Municipal Income ETF Price Performance

MUST stock opened at $20.63 on Friday. Columbia Multi-Sector Municipal Income ETF has a 1 year low of $19.83 and a 1 year high of $22.10. The firm has a 50-day moving average of $20.51 and a 200 day moving average of $20.67.

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.