Madison Short Term Strategic Income ETF (NYSEARCA:MSTI) Sees Significant Drop in Short Interest

Madison Short Term Strategic Income ETF (NYSEARCA:MSTI) was the recipient of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 878 shares, a decline of 18.5% from the February 26th total of 1,077 shares. Based on an average daily trading volume, of 5,155 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Investors Weigh In On Madison Short Term Strategic Income ETF

Several large investors have recently made changes to their positions in the business. Royal Bank of Canada raised its stake in shares of 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 worth $288,000 after purchasing an additional 5,992 shares during the period. Jane Street Group LLC grew its position in Madison Short Term Strategic Income ETF by 91.0% during the first quarter. Jane Street Group LLC now owns 23,413 shares of the company’s stock valued at $480,000 after buying an additional 11,156 shares during the period. Centric Wealth Management grew its position in Madison Short Term Strategic Income ETF by 5.3% during the third quarter. Centric Wealth Management now owns 50,728 shares of the company’s stock valued at $1,046,000 after buying an additional 2,570 shares during the period. Finally, Tidal Investments LLC increased its holdings in Madison Short Term Strategic Income ETF by 342.3% during the second quarter. Tidal Investments LLC now owns 127,333 shares of the company’s stock worth $2,626,000 after buying an additional 98,541 shares during the last quarter.

Madison Short Term Strategic Income ETF Stock Performance

Shares of MSTI stock traded up $0.09 during trading on Tuesday, hitting $20.34. The company’s stock had a trading volume of 1,393 shares, compared to its average volume of 6,397. The business has a fifty day moving average of $20.50 and a 200-day moving average of $20.60. Madison Short Term Strategic Income ETF has a 52 week low of $20.25 and a 52 week high of $20.83.

Madison Short Term Strategic Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Wednesday, February 25th were given a $0.0239 dividend. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a c) annualized dividend and a yield of 1.4%.

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.