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

Madison Short Term Strategic Income ETF (NYSEARCA:MSTI) saw a significant decline in short interest during the month of March. As of March 31st, there was short interest totaling 634 shares, a decline of 27.8% from the March 15th total of 878 shares. Based on an average daily trading volume, of 7,429 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Madison Short Term Strategic Income ETF Stock Down 0.1%

Shares of NYSEARCA:MSTI opened at $20.44 on Friday. Madison Short Term Strategic Income ETF has a fifty-two week low of $20.25 and a fifty-two week high of $20.83. The business has a 50-day moving average of $20.49 and a two-hundred day moving average of $20.57.

Madison Short Term Strategic Income ETF Cuts Dividend

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

Hedge Funds Weigh In On Madison Short Term Strategic Income ETF

A number of institutional investors have recently made changes to their positions in the business. Tidal Investments LLC increased its stake in shares of Madison Short Term Strategic Income ETF by 9.4% in the third quarter. Tidal Investments LLC now owns 139,248 shares of the company’s stock worth $2,875,000 after purchasing an additional 11,915 shares during the period. Centric Wealth Management increased its stake in shares of 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 during the period. Jane Street Group LLC increased its stake in shares of 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 worth $731,000 after purchasing an additional 5,818 shares during the period. Finally, Royal Bank of Canada increased its stake 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 during the period.

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.