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 drop in short interest during the month of March. As of March 13th, there was short interest totaling 878 shares, a drop of 18.5% from the February 26th total of 1,077 shares. Based on an average trading volume of 5,155 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Investors Weigh In On Madison Short Term Strategic Income ETF

Institutional investors have recently added to or reduced their stakes in the company. Tidal Investments LLC increased its position in shares of Madison Short Term Strategic Income ETF by 342.3% in the second 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. Jane Street Group LLC grew its stake 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 purchasing an additional 11,156 shares during the last quarter. Royal Bank of Canada grew its stake 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 purchasing an additional 5,992 shares during the last quarter. Finally, Centric Wealth Management increased 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 purchasing an additional 2,570 shares during the period.

Madison Short Term Strategic Income ETF Stock Performance

MSTI stock traded up $0.07 during midday trading on Monday, hitting $20.32. The company had a trading volume of 1,904 shares, compared to its average volume of 6,390. Madison Short Term Strategic Income ETF has a 52 week low of $20.25 and a 52 week high of $20.83. The stock’s 50 day moving average price is $20.51 and its 200 day moving average price is $20.60.

Madison Short Term Strategic Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, February 25th were paid a $0.0239 dividend. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Wednesday, February 25th.

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.