Madison Short Term Strategic Income ETF (NYSEARCA:MSTI – Get Free Report) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 16 shares, a drop of 99.7% from the May 14th total of 4,790 shares. Based on an average trading volume of 3,715 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.
Madison Short Term Strategic Income ETF Price Performance
Shares of MSTI opened at $20.25 on Wednesday. The stock has a 50 day moving average price of $20.37 and a 200 day moving average price of $20.49. Madison Short Term Strategic Income ETF has a 52-week low of $20.18 and a 52-week high of $20.83.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the stock. Jane Street Group LLC increased its stake in Madison Short Term Strategic Income ETF by 19.5% in the fourth quarter. Jane Street Group LLC now owns 35,631 shares of the company’s stock valued at $731,000 after purchasing an additional 5,818 shares during the period. Tidal Investments LLC increased its position in Madison Short Term Strategic Income ETF by 9.4% in the 3rd quarter. Tidal Investments LLC now owns 139,248 shares of the company’s stock valued at $2,875,000 after acquiring an additional 11,915 shares during the period. Finally, Royal Bank of Canada raised its stake in 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 valued at $288,000 after acquiring an additional 5,992 shares during 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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