Madison Short Term Strategic Income ETF (NYSEARCA:MSTI) Sees Significant Drop in Short Interest

Madison Short Term Strategic Income ETF (NYSEARCA:MSTI) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 1,926 shares, a decline 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 days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 9,711 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Madison Short Term Strategic Income ETF Price Performance

NYSEARCA MSTI remained flat at $20.50 on Monday. 2,824 shares of the company’s stock were exchanged, compared to its average volume of 2,432. Madison Short Term Strategic Income ETF has a twelve month low of $20.23 and a twelve month high of $20.83. The stock has a 50 day moving average price of $20.66 and a 200-day moving average price of $20.65.

Hedge Funds Weigh In On Madison Short Term Strategic Income ETF

A number of large investors have recently added to or reduced their stakes in MSTI. Royal Bank of Canada grew its position in shares of Madison Short Term Strategic Income ETF by 74.5% in the 1st 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 last quarter. Jane Street Group LLC lifted its stake 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 acquiring 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 valued at $1,046,000 after acquiring an additional 2,570 shares in the last quarter. Finally, Tidal Investments LLC increased its position in Madison Short Term Strategic Income ETF by 342.3% during the 2nd quarter. Tidal Investments LLC now owns 127,333 shares of the company’s stock valued at $2,626,000 after purchasing an additional 98,541 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.