Short Interest in Madison Short Term Strategic Income ETF (NYSEARCA:MSTI) Declines By 29.9%

Madison Short Term Strategic Income ETF (NYSEARCA:MSTI) saw a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 1,926 shares, a decline of 29.9% from the November 30th total of 2,749 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 9,711 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 9,711 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On Madison Short Term Strategic Income ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in MSTI. Centric Wealth Management grew its position in Madison Short Term Strategic Income ETF by 5.3% during the third quarter. Centric Wealth Management now owns 50,728 shares of the company’s stock worth $1,046,000 after buying an additional 2,570 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Madison Short Term Strategic Income ETF by 74.5% during the 1st quarter. Royal Bank of Canada now owns 14,031 shares of the company’s stock worth $288,000 after purchasing an additional 5,992 shares in the last quarter. Jane Street Group LLC increased its position in shares of Madison Short Term Strategic Income ETF by 91.0% in the first quarter. Jane Street Group LLC now owns 23,413 shares of the company’s stock worth $480,000 after purchasing an additional 11,156 shares during the period. Finally, Tidal Investments LLC increased its position in shares of Madison Short Term Strategic Income ETF by 9.4% in the third quarter. Tidal Investments LLC now owns 139,248 shares of the company’s stock worth $2,875,000 after purchasing an additional 11,915 shares during the period.

Madison Short Term Strategic Income ETF Price Performance

NYSEARCA:MSTI traded down $0.01 during mid-day trading on Wednesday, reaching $20.50. 74 shares of the company’s stock were exchanged, compared to its average volume of 2,415. Madison Short Term Strategic Income ETF has a one year low of $20.23 and a one year high of $20.83. The business’s fifty day simple moving average is $20.66 and its two-hundred day simple moving average is $20.65.

About Madison Short Term Strategic Income ETF

The Madison Short Term Strategic Income ETF (MSTI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking to generate a high level of income by investing in a diversified portfolio of US debt securities. The fund aims to maintain an average portfolio duration of 3.5 years or less MSTI was launched on Sep 5, 2023 and is issued by Madison.