Madison Aggregate Bond ETF (NYSEARCA:MAGG) Short Interest Update

Madison Aggregate Bond ETF (NYSEARCA:MAGG) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 1,175 shares, a decrease of 93.4% from the July 15th total of 17,692 shares. Based on an average trading volume of 2,627 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the shares of the stock are short sold.

Madison Aggregate Bond ETF Price Performance

Shares of NYSEARCA:MAGG remained flat at $19.88 during trading on Wednesday. The stock had a trading volume of 161 shares, compared to its average volume of 5,727. Madison Aggregate Bond ETF has a 52-week low of $19.83 and a 52-week high of $20.96. The stock has a fifty day simple moving average of $20.11 and a 200-day simple moving average of $20.31.

Institutional Trading of Madison Aggregate Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Madison Asset Management LLC raised its position in Madison Aggregate Bond ETF by 4.5% during the first quarter. Madison Asset Management LLC now owns 2,724,067 shares of the company’s stock worth $55,285,000 after acquiring an additional 117,170 shares during the period. Royal Bank of Canada increased its stake in Madison Aggregate Bond ETF by 21.3% during the 1st quarter. Royal Bank of Canada now owns 475,643 shares of the company’s stock worth $9,653,000 after buying an additional 83,604 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of Madison Aggregate Bond ETF by 512.7% during the second quarter. Tidal Investments LLC now owns 99,685 shares of the company’s stock valued at $2,030,000 after acquiring an additional 83,416 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Madison Aggregate Bond ETF in the first quarter valued at approximately $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.