Short Interest in Madison Short Term Strategic Income ETF (NYSEARCA:MSTI) Decreases By 45.9%

Madison Short Term Strategic Income ETF (NYSEARCA:MSTI) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 248 shares, a decline of 45.9% from the July 30th total of 458 shares. Based on an average trading volume of 785 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the company’s shares are sold short.

Hedge Funds Weigh In On Madison Short Term Strategic Income ETF

Several hedge funds have recently bought and sold shares of MSTI. ZEGA Investments LLC lifted its position in Madison Short Term Strategic Income ETF by 22.2% in the second quarter. ZEGA Investments LLC now owns 76,992 shares of the company’s stock valued at $1,559,000 after acquiring an additional 14,002 shares during the last quarter. Jane Street Group LLC increased its position 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 valued at $731,000 after buying an additional 5,818 shares in the last quarter. Tidal Investments LLC raised its position in Madison Short Term Strategic Income ETF by 9.4% during the third quarter. Tidal Investments LLC now owns 139,248 shares of the company’s stock worth $2,875,000 after acquiring an additional 11,915 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings 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 purchasing an additional 5,992 shares in the last quarter.

Madison Short Term Strategic Income ETF Stock Performance

Madison Short Term Strategic Income ETF stock remained flat at $20.09 during midday trading on Tuesday. 103 shares of the company were exchanged, compared to its average volume of 5,134. The business has a 50-day moving average of $20.20 and a two-hundred day moving average of $20.34. Madison Short Term Strategic Income ETF has a 1 year low of $20.06 and a 1 year high of $20.83.

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.