Short Interest in Madison Short Term Strategic Income ETF (NYSEARCA:MSTI) Drops By 18.5%

Madison Short Term Strategic Income ETF (NYSEARCA:MSTI) was the recipient of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 878 shares, a drop of 18.5% from the February 26th total of 1,077 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 5,155 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Madison Short Term Strategic Income ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada raised its stake in 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 worth $288,000 after buying an additional 5,992 shares in the last quarter. Jane Street Group LLC boosted its position 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 valued at $480,000 after acquiring an additional 11,156 shares in the last quarter. Centric Wealth Management grew its holdings in shares of Madison Short Term Strategic Income ETF by 5.3% during the 3rd quarter. Centric Wealth Management now owns 50,728 shares of the company’s stock worth $1,046,000 after acquiring an additional 2,570 shares during the period. Finally, Tidal Investments LLC grew its holdings in shares of 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 period.

Madison Short Term Strategic Income ETF Price Performance

Shares of Madison Short Term Strategic Income ETF stock traded up $0.07 during midday trading on Monday, reaching $20.32. 1,904 shares of the company’s stock traded hands, compared to its average volume of 6,390. The stock has a 50 day moving average of $20.51 and a 200-day moving average of $20.60. 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 business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Wednesday, February 25th were issued a $0.0239 dividend. The ex-dividend date was Wednesday, February 25th. This represents a c) annualized dividend and a yield of 1.4%.

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.