Madison Short Term Strategic Income ETF (NYSEARCA:MSTI – Get Free Report) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 176 shares, an increase of 1,000.0% from the September 30th total of 16 shares. Based on an average daily trading volume, of 627 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company’s shares are sold short.
Madison Short Term Strategic Income ETF Stock Performance
MSTI stock traded down $0.02 during midday trading on Wednesday, hitting $19.86. 864 shares of the company’s stock were exchanged, compared to its average volume of 4,399. Madison Short Term Strategic Income ETF has a one year low of $19.60 and a one year high of $20.76. The stock’s fifty day moving average price is $19.95 and its 200-day moving average price is $20.27.
Hedge Funds Weigh In On Madison Short Term Strategic Income ETF
A hedge fund recently raised its stake in Madison Short Term Strategic Income ETF stock. ZEGA Investments LLC increased its holdings in shares of Madison Short Term Strategic Income ETF (NYSEARCA:MSTI – Free Report) by 22.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 76,992 shares of the company’s stock after purchasing an additional 14,002 shares during the quarter. ZEGA Investments LLC owned 3.18% of Madison Short Term Strategic Income ETF worth $1,559,000 as of its most recent filing with the SEC.
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.
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