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

Madison Short Term Strategic Income ETF (NYSEARCA:MSTI) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totaling 12,014 shares, a growth of 2,269.6% from the April 15th total of 507 shares. Based on an average daily trading volume, of 12,395 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.5% of the company’s stock are sold short.

Institutional Trading of Madison Short Term Strategic Income ETF

Hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada grew its position in shares of Madison Short Term Strategic Income ETF by 74.5% during 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 in the last quarter. Jane Street Group LLC boosted its holdings in 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 period. Centric Wealth Management boosted its holdings in 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 purchasing an additional 2,570 shares during the period. Finally, Tidal Investments LLC boosted its holdings in 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 worth $2,626,000 after purchasing an additional 98,541 shares during the period.

Madison Short Term Strategic Income ETF Stock Performance

Shares of MSTI stock remained flat at $20.35 during mid-day trading on Wednesday. 609 shares of the stock were exchanged, compared to its average volume of 7,631. Madison Short Term Strategic Income ETF has a twelve month low of $20.25 and a twelve month high of $20.83. The company has a fifty day moving average price of $20.44 and a 200 day moving average price of $20.54.

Madison Short Term Strategic Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 25th were given a dividend of $0.0239 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%.

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.