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

Madison Aggregate Bond ETF (NYSEARCA:MAGG) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 17,692 shares, an increase of 97.1% from the June 30th total of 8,977 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 2,844 shares, the short-interest ratio is currently 6.2 days.

Institutional Investors Weigh In On Madison Aggregate Bond ETF

A number of large investors have recently made changes to their positions in the business. Jane Street Group LLC purchased a new position in shares of Madison Aggregate Bond ETF during the first quarter valued at approximately $480,000. Royal Bank of Canada lifted its stake in Madison Aggregate Bond ETF by 8.8% in the fourth quarter. Royal Bank of Canada now owns 392,039 shares of the company’s stock worth $8,039,000 after acquiring an additional 31,707 shares during the period. Tidal Investments LLC lifted its stake in Madison Aggregate Bond ETF by 512.7% in the second 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 period. Finally, Madison Asset Management LLC boosted its holdings in Madison Aggregate Bond ETF by 4.5% in the first 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 in the last quarter.

Madison Aggregate Bond ETF Stock Down 0.1%

Shares of NYSEARCA MAGG traded down $0.01 during trading hours on Thursday, hitting $19.92. The company’s stock had a trading volume of 532 shares, compared to its average volume of 5,989. Madison Aggregate Bond ETF has a 12 month low of $19.91 and a 12 month high of $20.96. The business has a 50-day simple moving average of $20.16 and a 200-day simple moving average of $20.35.

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.