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

Madison Short Term Strategic Income ETF (NYSEARCA:MSTI) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 508 shares, a growth of 3,075.0% from the June 30th total of 16 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 774 shares, the days-to-cover ratio is currently 0.7 days.

Madison Short Term Strategic Income ETF Stock Performance

Shares of MSTI opened at $20.17 on Friday. The company has a 50-day moving average of $20.26 and a two-hundred day moving average of $20.40. Madison Short Term Strategic Income ETF has a 12-month low of $20.13 and a 12-month high of $20.83.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of MSTI. Royal Bank of Canada raised its position in shares of 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 worth $288,000 after purchasing an additional 5,992 shares during the last quarter. Jane Street Group LLC grew its holdings in Madison Short Term Strategic Income ETF by 91.0% during the 1st quarter. Jane Street Group LLC now owns 23,413 shares of the company’s stock valued at $480,000 after buying an additional 11,156 shares during the last quarter. Finally, Tidal Investments LLC grew its holdings 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 buying an additional 98,541 shares during the last quarter.

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.