Madison Short Term Strategic Income ETF (NYSEARCA:MSTI) Short Interest Down 93.8% in January

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Royal Bank of Canada increased its holdings in Madison Short Term Strategic Income ETF by 74.5% during the first quarter. Royal Bank of Canada now owns 14,031 shares of the company’s stock valued at $288,000 after buying an additional 5,992 shares during the last quarter. Jane Street Group LLC grew its position in shares of Madison Short Term Strategic Income ETF by 91.0% during the 1st 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 during the period. Centric Wealth Management increased its stake in shares of Madison Short Term Strategic Income ETF by 5.3% in the 3rd 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. Finally, Tidal Investments LLC raised its holdings in Madison Short Term Strategic Income ETF by 342.3% in the 2nd quarter. Tidal Investments LLC now owns 127,333 shares of the company’s stock worth $2,626,000 after purchasing an additional 98,541 shares during the period.

Madison Short Term Strategic Income ETF Stock Up 0.0%

Shares of Madison Short Term Strategic Income ETF stock traded up $0.01 on Thursday, reaching $20.48. The company’s stock had a trading volume of 513 shares, compared to its average volume of 4,369. Madison Short Term Strategic Income ETF has a 52 week low of $20.28 and a 52 week high of $20.83. The firm’s fifty day simple moving average is $20.59 and its two-hundred day simple moving average is $20.64.

Madison Short Term Strategic Income ETF Cuts Dividend

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

Madison Short Term Strategic Income ETF Company Profile

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.