Madison Aggregate Bond ETF (NYSEARCA:MAGG) Short Interest Up 97.1% in July

Madison Aggregate Bond ETF (NYSEARCA:MAGG) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 17,692 shares, a growth of 97.1% from the June 30th total of 8,977 shares. Based on an average daily trading volume, of 2,844 shares, the days-to-cover ratio is currently 6.2 days. Currently, 0.5% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Madison Asset Management LLC lifted its position in shares of Madison Aggregate Bond ETF by 4.5% during the 1st quarter. Madison Asset Management LLC now owns 2,724,067 shares of the company’s stock valued at $55,285,000 after acquiring an additional 117,170 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Madison Aggregate Bond ETF by 21.3% in the 1st quarter. Royal Bank of Canada now owns 475,643 shares of the company’s stock worth $9,653,000 after acquiring an additional 83,604 shares during the last quarter. Tidal Investments LLC grew its holdings in shares of Madison Aggregate Bond ETF by 512.7% in the 2nd quarter. Tidal Investments LLC now owns 99,685 shares of the company’s stock worth $2,030,000 after acquiring an additional 83,416 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Madison Aggregate Bond ETF during the first quarter worth $480,000.

Madison Aggregate Bond ETF Price Performance

NYSEARCA:MAGG traded down $0.10 during mid-day trading on Wednesday, reaching $19.93. 20 shares of the stock were exchanged, compared to its average volume of 6,027. The business has a fifty day moving average price of $20.16 and a 200 day moving average price of $20.35. Madison Aggregate Bond ETF has a 1-year low of $19.93 and a 1-year high of $20.96.

About Madison Aggregate Bond ETF

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.