Short Interest in Madison Short Term Strategic Income ETF (NYSEARCA:MSTI) Drops By 18.5%

Madison Short Term Strategic Income ETF (NYSEARCA:MSTI) saw a large decline in short interest in March. As of March 13th, there was short interest totaling 878 shares, a decline of 18.5% from the February 26th total of 1,077 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 5,155 shares, the short-interest ratio is presently 0.2 days.

Madison Short Term Strategic Income ETF Price Performance

Shares of MSTI stock opened at $20.37 on Wednesday. Madison Short Term Strategic Income ETF has a one year low of $20.25 and a one year high of $20.83. The company’s 50-day moving average is $20.50 and its 200 day moving average is $20.60.

Madison Short Term Strategic Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 25th were paid a $0.0239 dividend. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Wednesday, February 25th.

Institutional Investors Weigh In On Madison Short Term Strategic Income ETF

Several institutional investors and hedge funds have recently made changes to their positions in MSTI. Royal Bank of Canada lifted its position in Madison Short Term Strategic Income ETF by 74.5% in the 1st quarter. Royal Bank of Canada now owns 14,031 shares of the company’s stock valued at $288,000 after acquiring an additional 5,992 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Madison Short Term Strategic Income ETF by 91.0% in the 1st 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 in the last quarter. Centric Wealth Management increased its holdings in shares of Madison Short Term Strategic Income ETF by 5.3% in the 3rd quarter. Centric Wealth Management now owns 50,728 shares of the company’s stock worth $1,046,000 after purchasing an additional 2,570 shares in the last quarter. Finally, Tidal Investments LLC raised its stake in shares of Madison Short Term Strategic Income ETF by 342.3% in the second quarter. Tidal Investments LLC now owns 127,333 shares of the company’s stock worth $2,626,000 after purchasing an additional 98,541 shares during the last quarter.

Madison Short Term Strategic Income ETF Company Profile

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.