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

Madison Short Term Strategic Income ETF (NYSEARCA:MSTI) was the target of a significant decline in short interest in 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 trading volume of 7,429 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On Madison Short Term Strategic Income ETF

Several large investors have recently made changes to their positions in MSTI. 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 valued at $288,000 after acquiring an additional 5,992 shares in the last quarter. Jane Street Group LLC lifted its position in shares of 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 acquiring an additional 11,156 shares in the last quarter. Centric Wealth Management lifted its position 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 valued at $1,046,000 after acquiring an additional 2,570 shares in the last quarter. Finally, Tidal Investments LLC lifted its position in shares of 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 acquiring an additional 98,541 shares in the last quarter.

Madison Short Term Strategic Income ETF Price Performance

Shares of Madison Short Term Strategic Income ETF stock traded up $0.01 during trading hours on Wednesday, hitting $20.47. The company’s stock had a trading volume of 1,590 shares, compared to its average volume of 6,984. The business has a 50 day moving average price of $20.49 and a two-hundred day moving average price of $20.57. Madison Short Term Strategic Income ETF has a 12-month low of $20.25 and a 12-month 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. Stockholders of record on Wednesday, February 25th were given a $0.0239 dividend. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Wednesday, February 25th.

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.