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

Madison Short Term Strategic Income ETF (NYSEARCA:MSTI) was the recipient of a significant decrease in short interest in December. As of December 15th, there was short interest totaling 1,926 shares, a decrease of 29.9% from the November 30th total of 2,749 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 9,711 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 9,711 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Madison Short Term Strategic Income ETF Price Performance

Shares of Madison Short Term Strategic Income ETF stock traded up $0.01 during trading on Tuesday, reaching $20.51. 700 shares of the company’s stock were exchanged, compared to its average volume of 2,424. Madison Short Term Strategic Income ETF has a 1-year low of $20.23 and a 1-year high of $20.83. The firm’s 50-day moving average price is $20.66 and its 200 day moving average price is $20.65.

Institutional Investors Weigh In On Madison Short Term Strategic Income ETF

Several hedge funds have recently added to or reduced their stakes in MSTI. Centric Wealth Management lifted its stake in shares of Madison Short Term Strategic Income ETF by 5.3% in the third quarter. Centric Wealth Management now owns 50,728 shares of the company’s stock worth $1,046,000 after acquiring an additional 2,570 shares during the period. Royal Bank of Canada raised its holdings in 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. Jane Street Group LLC lifted its position 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 worth $480,000 after purchasing an additional 11,156 shares during the period. Finally, Tidal Investments LLC lifted its position in shares of Madison Short Term Strategic Income ETF by 9.4% in 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.

About Madison Short Term Strategic Income ETF

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.