Madison Short Term Strategic Income ETF (NYSEARCA:MSTI – Get Free Report) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 12,014 shares, a growth of 2,269.6% from the April 15th total of 507 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 12,395 shares, the days-to-cover ratio is presently 1.0 days.
Madison Short Term Strategic Income ETF Stock Performance
MSTI stock traded down $0.02 during midday trading on Monday, hitting $20.36. 630 shares of the stock were exchanged, compared to its average volume of 7,790. The stock’s 50-day moving average price is $20.44 and its 200-day moving average price is $20.54. Madison Short Term Strategic Income ETF has a fifty-two week low of $20.25 and a fifty-two week high of $20.83.
Madison Short Term Strategic Income ETF Cuts Dividend
The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, February 25th were issued a $0.0239 dividend. The ex-dividend date was Wednesday, February 25th. This represents a c) dividend on an annualized basis and a yield of 1.4%.
Institutional Inflows and Outflows
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.
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