Short Interest in Madison Short Term Strategic Income ETF (NYSEARCA:MSTI) Declines By 99.7%

Madison Short Term Strategic Income ETF (NYSEARCA:MSTI) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 16 shares, a drop of 99.7% from the May 14th total of 4,790 shares. Based on an average daily trading volume, of 3,715 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake 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 in the last quarter. Jane Street Group LLC increased its stake 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 valued at $480,000 after acquiring an additional 11,156 shares in the last quarter. Finally, Tidal Investments LLC increased its stake in shares of Madison Short Term Strategic Income ETF by 342.3% in 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 in the last quarter.

Madison Short Term Strategic Income ETF Stock Up 0.0%

NYSEARCA:MSTI traded up $0.01 during mid-day trading on Tuesday, hitting $20.25. 226 shares of the company’s stock were exchanged, compared to its average volume of 7,181. The company has a 50 day simple moving average of $20.37 and a 200-day simple moving average of $20.49. Madison Short Term Strategic Income ETF has a fifty-two week low of $20.18 and a fifty-two week 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.