Madison Short Term Strategic Income ETF (NYSEARCA:MSTI – Get Free Report) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 4,790 shares, a decrease of 60.1% from the April 30th total of 12,014 shares. Based on an average daily trading volume, of 10,558 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the company’s shares are short sold.
Madison Short Term Strategic Income ETF Price Performance
NYSEARCA:MSTI opened at $20.28 on Tuesday. Madison Short Term Strategic Income ETF has a 1-year low of $20.18 and a 1-year high of $20.83. The business’s 50-day moving average price is $20.38 and its two-hundred day moving average price is $20.51.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada grew its stake in Madison Short Term Strategic Income ETF by 74.5% in 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 in the last quarter. Jane Street Group LLC grew its stake in 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 purchasing an additional 11,156 shares in the last quarter. Centric Wealth Management grew its stake in 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 valued at $1,046,000 after purchasing an additional 2,570 shares in the last quarter. Finally, Tidal Investments LLC grew 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 Company Profile
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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