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

Madison Short Term Strategic Income ETF (NYSEARCA:MSTIGet 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

Several institutional investors have recently modified their holdings of MSTI. Royal Bank of Canada grew its holdings in shares of 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 valued at $288,000 after purchasing an additional 5,992 shares during the last quarter. Jane Street Group LLC raised its stake 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 purchasing an additional 11,156 shares during the period. Centric Wealth Management increased 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 worth $1,046,000 after acquiring an additional 2,570 shares during the last quarter. Finally, Tidal Investments LLC increased its stake in shares of 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 worth $2,626,000 after acquiring an additional 98,541 shares during the last quarter.

About Madison Short Term Strategic Income ETF

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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.

Further Reading

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