Madison Short Term Strategic Income ETF (NYSEARCA:MSTI – Get Free Report) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 508 shares, a growth of 3,075.0% from the June 30th total of 16 shares. Based on an average daily trading volume, of 774 shares, the short-interest ratio is presently 0.7 days. Approximately 0.0% of the company’s shares are short sold.
Madison Short Term Strategic Income ETF Trading Up 0.2%
Shares of MSTI traded up $0.04 during trading hours on Friday, hitting $20.17. The stock had a trading volume of 110 shares, compared to its average volume of 5,934. The company’s fifty day simple moving average is $20.26 and its 200 day simple moving average is $20.40. Madison Short Term Strategic Income ETF has a 12-month low of $20.13 and a 12-month high of $20.83.
Hedge Funds Weigh In On Madison Short Term Strategic Income ETF
A number of large investors have recently modified their holdings of the company. Royal Bank of Canada lifted its stake in shares of 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 valued at $288,000 after purchasing an additional 5,992 shares in the last quarter. Jane Street Group LLC increased its position 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 worth $480,000 after purchasing an additional 11,156 shares in the last quarter. Finally, Tidal Investments LLC raised its holdings 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 buying an additional 98,541 shares during the period.
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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