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

Madison Short Term Strategic Income ETF (NYSEARCA:MSTI) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 4,790 shares, a decline of 60.1% from the April 30th total of 12,014 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 10,558 shares, the short-interest ratio is presently 0.5 days.

Madison Short Term Strategic Income ETF Stock Performance

Shares of MSTI traded up $0.02 on Friday, hitting $20.30. 711 shares of the stock traded hands, compared to its average volume of 7,649. Madison Short Term Strategic Income ETF has a 1 year low of $20.18 and a 1 year high of $20.83. The stock’s 50 day moving average is $20.38 and its two-hundred day moving average is $20.51.

Institutional Investors Weigh In On Madison Short Term Strategic Income ETF

A number of institutional investors have recently bought and sold shares of MSTI. Royal Bank of Canada grew its stake in 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 during the period. Jane Street Group LLC grew its stake in Madison Short Term Strategic Income ETF by 91.0% during the first quarter. Jane Street Group LLC now owns 23,413 shares of the company’s stock worth $480,000 after buying an additional 11,156 shares during the period. Centric Wealth Management grew its stake in Madison Short Term Strategic Income ETF by 5.3% during the third quarter. Centric Wealth Management now owns 50,728 shares of the company’s stock worth $1,046,000 after buying an additional 2,570 shares during the period. Finally, Tidal Investments LLC grew its stake in Madison Short Term Strategic Income ETF by 342.3% during the second quarter. Tidal Investments LLC now owns 127,333 shares of the company’s stock worth $2,626,000 after buying an additional 98,541 shares during the period.

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.