Madison Short Term Strategic Income ETF (NYSEARCA:MSTI) Sees Large Growth in Short Interest

Madison Short Term Strategic Income ETF (NYSEARCA:MSTI) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 176 shares, a growth of 1,000.0% from the September 30th total of 16 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 627 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On Madison Short Term Strategic Income ETF

A hedge fund recently raised its position in Madison Short Term Strategic Income ETF stock. ZEGA Investments LLC increased its holdings in Madison Short Term Strategic Income ETF (NYSEARCA:MSTI) by 22.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 76,992 shares of the company’s stock after purchasing an additional 14,002 shares during the period. ZEGA Investments LLC owned approximately 3.18% of Madison Short Term Strategic Income ETF worth $1,559,000 at the end of the most recent quarter.

Madison Short Term Strategic Income ETF Price Performance

NYSEARCA:MSTI traded up $0.01 on Tuesday, reaching $19.96. 72 shares of the company’s stock traded hands, compared to its average volume of 4,416. The stock has a 50-day simple moving average of $19.96 and a 200-day simple moving average of $20.27. Madison Short Term Strategic Income ETF has a 12 month low of $19.60 and a 12 month high of $20.76.

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.