Madison Aggregate Bond ETF (NYSEARCA:MAGG) Short Interest Down 60.4% in February

Madison Aggregate Bond ETF (NYSEARCA:MAGG) was the target of a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 22,869 shares, a decrease of 60.4% from the February 12th total of 57,815 shares. Based on an average daily volume of 6,745 shares, the short-interest ratio is presently 3.4 days. Currently, 0.7% of the company’s shares are sold short. Currently, 0.7% of the company’s shares are sold short. Based on an average daily volume of 6,745 shares, the short-interest ratio is presently 3.4 days.

Madison Aggregate Bond ETF Trading Down 0.3%

Shares of Madison Aggregate Bond ETF stock opened at $20.56 on Wednesday. The stock has a 50 day moving average price of $20.59 and a 200-day moving average price of $20.59. Madison Aggregate Bond ETF has a one year low of $19.96 and a one year high of $20.96.

Madison Aggregate Bond ETF Cuts Dividend

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

Institutional Investors Weigh In On Madison Aggregate Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Jane Street Group LLC bought a new stake in shares of Madison Aggregate Bond ETF in the 1st quarter worth about $480,000. Tidal Investments LLC boosted its stake 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 worth $2,030,000 after purchasing an additional 83,416 shares during the period. Finally, Royal Bank of Canada grew its holdings in Madison Aggregate Bond ETF by 22.5% during the 1st quarter. Royal Bank of Canada now owns 262,902 shares of the company’s stock valued at $5,339,000 after purchasing an additional 48,369 shares during the last quarter.

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.