Madison Aggregate Bond ETF (NYSEARCA:MAGG) Sees Significant Decline in Short Interest

Madison Aggregate Bond ETF (NYSEARCA:MAGG) was the target of a significant decline in short interest in February. As of February 13th, there was short interest totaling 57,815 shares, a decline of 34.1% from the January 29th total of 87,757 shares. Based on an average trading volume of 7,954 shares, the days-to-cover ratio is presently 7.3 days. Currently, 1.7% of the company’s stock are sold short. Currently, 1.7% of the company’s stock are sold short. Based on an average trading volume of 7,954 shares, the days-to-cover ratio is presently 7.3 days.

Madison Aggregate Bond ETF Trading Down 0.1%

Shares of NYSEARCA MAGG traded down $0.02 during midday trading on Tuesday, hitting $20.65. The company’s stock had a trading volume of 452 shares, compared to its average volume of 9,160. Madison Aggregate Bond ETF has a 1-year low of $19.96 and a 1-year high of $20.96. The firm’s fifty day moving average price is $20.59 and its 200-day moving average price is $20.58.

Madison Aggregate Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Wednesday, February 25th were issued a dividend of $0.0446 per share. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date was Wednesday, February 25th.

Institutional Investors Weigh In On Madison Aggregate Bond ETF

Several large investors have recently made changes to their positions in MAGG. Royal Bank of Canada raised its position in Madison Aggregate Bond ETF by 8.8% in the 4th quarter. Royal Bank of Canada now owns 392,039 shares of the company’s stock worth $8,039,000 after purchasing an additional 31,707 shares during the last quarter. Tidal Investments LLC lifted its holdings in shares of Madison Aggregate Bond ETF by 512.7% during the 2nd quarter. Tidal Investments LLC now owns 99,685 shares of the company’s stock valued at $2,030,000 after purchasing an additional 83,416 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in Madison Aggregate Bond ETF in the 1st quarter valued at $480,000.

Madison Aggregate Bond ETF Company Profile

The Madison Aggregate Bond ETF (MAGG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that seeks to generate superior long-term risk adjusted performance through investments in US investment-grade bonds. The fund maintains an intermediate average portfolio duration but may include securities of any maturity. MAGG was launched on Aug 29, 2023 and is issued by Madison.