Short Interest in Madison Short Term Strategic Income ETF (NYSEARCA:MSTI) Declines By 99.7%

Madison Short Term Strategic Income ETF (NYSEARCA:MSTI) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 16 shares, a decline of 99.7% from the May 14th total of 4,790 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 3,715 shares, the days-to-cover ratio is presently 0.0 days.

Madison Short Term Strategic Income ETF Stock Performance

MSTI stock traded up $0.01 during midday trading on Tuesday, reaching $20.25. 226 shares of the company’s stock traded hands, compared to its average volume of 7,181. The firm’s fifty day moving average price is $20.37 and its 200-day moving average price is $20.49. Madison Short Term Strategic Income ETF has a 52 week low of $20.18 and a 52 week high of $20.83.

Hedge Funds Weigh In On Madison Short Term Strategic Income ETF

Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada boosted its holdings in Madison Short Term Strategic Income ETF by 74.5% during the 1st quarter. Royal Bank of Canada now owns 14,031 shares of the company’s stock worth $288,000 after acquiring an additional 5,992 shares during the last quarter. Jane Street Group LLC boosted its holdings in 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 worth $480,000 after acquiring an additional 11,156 shares during the last quarter. Finally, Tidal Investments LLC boosted its holdings in Madison Short Term Strategic Income ETF by 342.3% during the 2nd quarter. Tidal Investments LLC now owns 127,333 shares of the company’s stock worth $2,626,000 after acquiring an additional 98,541 shares during the last quarter.

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.