Madison Short Term Strategic Income ETF (NYSEARCA:MSTI) Short Interest Update

Madison Short Term Strategic Income ETF (NYSEARCA:MSTI) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totaling 4,790 shares, a decline of 60.1% from the April 30th total of 12,014 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 10,558 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On Madison Short Term Strategic Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada raised 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 worth $288,000 after purchasing an additional 5,992 shares during the period. Jane Street Group LLC boosted its holdings in Madison Short Term Strategic Income ETF by 91.0% during the 1st quarter. Jane Street Group LLC now owns 23,413 shares of the company’s stock valued at $480,000 after acquiring an additional 11,156 shares during the period. Centric Wealth Management boosted its holdings in Madison Short Term Strategic Income ETF by 5.3% during the 3rd quarter. Centric Wealth Management now owns 50,728 shares of the company’s stock valued at $1,046,000 after acquiring an additional 2,570 shares during the period. Finally, Tidal Investments LLC boosted its holdings in Madison Short Term Strategic Income ETF by 342.3% during the 2nd quarter. Tidal Investments LLC now owns 127,333 shares of the company’s stock valued at $2,626,000 after acquiring an additional 98,541 shares during the period.

Madison Short Term Strategic Income ETF Stock Performance

Shares of NYSEARCA:MSTI traded down $0.02 on Monday, hitting $20.28. The company’s stock had a trading volume of 500 shares, compared to its average volume of 7,580. The company has a 50-day simple moving average of $20.38 and a 200 day simple moving average of $20.51. Madison Short Term Strategic Income ETF has a 1 year low of $20.18 and a 1 year high of $20.83.

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.