Madison Short Term Strategic Income ETF (NYSEARCA:MSTI) Sees Large Decrease in Short Interest

Madison Short Term Strategic Income ETF (NYSEARCA:MSTI) saw a significant 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 trading volume, of 785 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Trading of Madison Short Term Strategic Income ETF

Several hedge funds have recently added to or reduced their stakes in MSTI. Royal Bank of Canada raised its stake in 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 purchasing an additional 5,992 shares in the last quarter. Jane Street Group LLC raised its position in shares of 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 valued at $480,000 after buying an additional 11,156 shares in the last quarter. ZEGA Investments LLC boosted 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 valued at $1,559,000 after buying an additional 14,002 shares during the period. Finally, Tidal Investments LLC raised its stake in Madison Short Term Strategic Income ETF by 342.3% in the second 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 in the last quarter.

Madison Short Term Strategic Income ETF Stock Performance

NYSEARCA MSTI traded down $0.04 on Friday, reaching $20.09. The company’s 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 52 week low of $20.06 and a 52 week high of $20.83. The business has a 50-day moving average price of $20.20 and a 200 day moving average price of $20.34.

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.