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

Madison Short Term Strategic Income ETF (NYSEARCA:MSTI) was the target of a large drop in short interest in January. As of January 15th, there was short interest totaling 148 shares, a drop of 93.8% from the December 31st total of 2,376 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 6,413 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 6,413 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On Madison Short Term Strategic Income ETF

A number of hedge funds have recently modified their holdings of MSTI. Centric Wealth Management boosted 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 worth $1,046,000 after purchasing an additional 2,570 shares in the last quarter. Royal Bank of Canada lifted its position in shares of 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 worth $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. Finally, Tidal Investments LLC raised its holdings in shares of 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 purchasing an additional 11,915 shares during the period.

Madison Short Term Strategic Income ETF Trading Down 0.3%

NYSEARCA:MSTI traded down $0.07 on Wednesday, hitting $20.47. 315 shares of the company’s stock traded hands, compared to its average volume of 4,584. Madison Short Term Strategic Income ETF has a 1 year low of $20.28 and a 1 year high of $20.83. The firm has a 50-day moving average price of $20.60 and a 200-day moving average price of $20.64.

Madison Short Term Strategic Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, January 28th will be paid a $0.0719 dividend. The ex-dividend date is Wednesday, January 28th. This represents a c) dividend on an annualized basis and a yield of 4.2%.

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.