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

Madison Short Term Strategic Income ETF (NYSEARCA:MSTI) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 1,095 shares, a growth of 639.9% from the January 15th total of 148 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 1,986 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 1,986 shares, the short-interest ratio is presently 0.6 days. Approximately 0.0% of the company’s shares are short sold.

Madison Short Term Strategic Income ETF Stock Down 0.1%

MSTI traded down $0.02 on Tuesday, reaching $20.54. 130 shares of the company’s stock were exchanged, compared to its average volume of 8,753. Madison Short Term Strategic Income ETF has a twelve month low of $20.28 and a twelve month high of $20.83. The company’s 50 day moving average is $20.56 and its 200-day moving average is $20.64.

Madison Short Term Strategic Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 28th were given a $0.0719 dividend. The ex-dividend date of this dividend was Wednesday, January 28th. This represents a c) annualized dividend and a dividend yield of 4.2%.

Hedge Funds Weigh In On Madison Short Term Strategic Income ETF

Several hedge funds and other institutional investors have recently made changes to their positions in MSTI. Tidal Investments LLC boosted its position in 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 period. Centric Wealth Management lifted its stake in shares of 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 worth $1,046,000 after purchasing an additional 2,570 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Madison Short Term Strategic Income ETF by 91.0% in the first quarter. Jane Street Group LLC now owns 23,413 shares of the company’s stock worth $480,000 after buying an additional 11,156 shares during the period. Finally, Royal Bank of Canada boosted its position in shares of Madison Short Term Strategic Income ETF by 74.5% in the first quarter. Royal Bank of Canada now owns 14,031 shares of the company’s stock worth $288,000 after buying an additional 5,992 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.