Madison Short Term Strategic Income ETF (NYSEARCA:MSTI) Sees Large Drop in Short Interest

Madison Short Term Strategic Income ETF (NYSEARCA:MSTI) was the target of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 248 shares, a decrease of 45.9% from the July 30th total of 458 shares. Based on an average trading volume of 785 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the company’s stock are short sold.

Madison Short Term Strategic Income ETF Price Performance

MSTI stock remained flat at $20.09 during mid-day trading on Monday. The company’s stock had a trading volume of 103 shares, compared to its average volume of 5,134. Madison Short Term Strategic Income ETF has a 12-month low of $20.06 and a 12-month high of $20.83. The stock’s 50 day moving average is $20.20 and its 200 day moving average is $20.34.

Hedge Funds Weigh In On Madison Short Term Strategic Income ETF

A number of institutional investors have recently added to or reduced their stakes in MSTI. ZEGA Investments LLC raised its position in Madison Short Term Strategic Income ETF by 22.2% during the second quarter. ZEGA Investments LLC now owns 76,992 shares of the company’s stock worth $1,559,000 after acquiring an additional 14,002 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Madison Short Term Strategic Income ETF by 19.5% during the 4th quarter. Jane Street Group LLC now owns 35,631 shares of the company’s stock worth $731,000 after purchasing an additional 5,818 shares during the last quarter. Tidal Investments LLC increased its stake in shares of Madison Short Term Strategic Income ETF by 9.4% during the 3rd 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 last quarter. Finally, Royal Bank of Canada increased its stake 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 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.