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

Madison Short Term Strategic Income ETF (NYSEARCA:MSTI) was the recipient of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 1,095 shares, a growth of 639.9% from the January 15th total of 148 shares. Based on an average trading volume of 1,986 shares, the short-interest ratio is presently 0.6 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 1,986 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of Madison Short Term Strategic Income ETF

Several large investors have recently added to or reduced their stakes in MSTI. Centric Wealth Management raised 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 valued at $1,046,000 after acquiring an additional 2,570 shares during the last quarter. Royal Bank of Canada increased 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 valued at $288,000 after purchasing an additional 5,992 shares in the last quarter. Jane Street Group LLC raised its position in 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 valued at $480,000 after purchasing an additional 11,156 shares during the last quarter. Finally, Tidal Investments LLC grew its holdings in Madison Short Term Strategic Income ETF by 9.4% during the 3rd quarter. Tidal Investments LLC now owns 139,248 shares of the company’s stock worth $2,875,000 after acquiring an additional 11,915 shares during the last quarter.

Madison Short Term Strategic Income ETF Stock Performance

Shares of MSTI stock opened at $20.54 on Wednesday. The firm has a fifty day moving average of $20.56 and a 200-day moving average of $20.64. Madison Short Term Strategic Income ETF has a 52-week low of $20.28 and a 52-week high of $20.83.

Madison Short Term Strategic Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 28th were issued a dividend of $0.0719 per share. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Wednesday, January 28th.

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.