Madison Aggregate Bond ETF (NYSEARCA:MAGG) Sees Large Growth in Short Interest

Madison Aggregate Bond ETF (NYSEARCA:MAGG) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 166 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 5,787 shares, the short-interest ratio is presently 0.0 days.

Madison Aggregate Bond ETF Trading Up 0.4%

Madison Aggregate Bond ETF stock traded up $0.07 during mid-day trading on Friday, hitting $19.55. The company’s stock had a trading volume of 686 shares, compared to its average volume of 5,287. Madison Aggregate Bond ETF has a twelve month low of $19.06 and a twelve month high of $20.83. The stock’s fifty day moving average price is $19.51 and its two-hundred day moving average price is $20.10.

Institutional Investors Weigh In On Madison Aggregate Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. ZEGA Investments LLC increased its position in Madison Aggregate Bond ETF by 3.2% during the second quarter. ZEGA Investments LLC now owns 50,310 shares of the company’s stock worth $1,017,000 after buying an additional 1,561 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of 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 acquiring an additional 83,604 shares in the last quarter. Finally, Madison Asset Management LLC increased its holdings 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.

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.