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

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

Institutional Trading of Madison Short Term Strategic Income ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MSTI. Jane Street Group LLC raised 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 buying an additional 5,818 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 valued at $288,000 after buying an additional 5,992 shares in the last quarter. Tidal Investments LLC boosted its position in 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 valued at $2,875,000 after buying an additional 11,915 shares during the last quarter. Finally, ZEGA Investments LLC increased its stake in shares of Madison Short Term Strategic Income ETF by 22.2% in the second quarter. ZEGA Investments LLC now owns 76,992 shares of the company’s stock worth $1,559,000 after buying an additional 14,002 shares during the last quarter.

Madison Short Term Strategic Income ETF Price Performance

Madison Short Term Strategic Income ETF stock traded down $0.04 during trading on Friday, hitting $20.09. The stock had a trading volume of 2,517 shares, compared to its average volume of 5,165. Madison Short Term Strategic Income ETF has a 1 year low of $20.06 and a 1 year high of $20.83. The stock’s 50 day moving average is $20.20 and its two-hundred day moving average is $20.34.

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.