Madison Short Term Strategic Income ETF (NYSEARCA:MSTI) Short Interest Up 2,269.6% in April

Madison Short Term Strategic Income ETF (NYSEARCA:MSTI) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 12,014 shares, an increase of 2,269.6% from the April 15th total of 507 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 12,395 shares, the days-to-cover ratio is presently 1.0 days.

Madison Short Term Strategic Income ETF Price Performance

Shares of MSTI stock opened at $20.36 on Tuesday. Madison Short Term Strategic Income ETF has a fifty-two week low of $20.25 and a fifty-two week high of $20.83. The stock’s 50-day simple moving average is $20.44 and its 200-day simple moving average is $20.54.

Madison Short Term Strategic Income ETF Cuts Dividend

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

Hedge Funds Weigh In On Madison Short Term Strategic Income ETF

Institutional investors have recently bought and sold shares of the business. Royal Bank of Canada boosted its holdings in shares of 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 during the last quarter. Jane Street Group LLC raised its holdings in shares of Madison Short Term Strategic Income ETF by 91.0% during 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 last quarter. Centric Wealth Management lifted 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 valued at $1,046,000 after purchasing an additional 2,570 shares during the period. Finally, Tidal Investments LLC lifted its position in Madison Short Term Strategic Income ETF by 342.3% during the second quarter. Tidal Investments LLC now owns 127,333 shares of the company’s stock valued at $2,626,000 after purchasing an additional 98,541 shares during the period.

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.