Short Interest in Madison Aggregate Bond ETF (NYSEARCA:MAGG) Decreases By 34.1%

Madison Aggregate Bond ETF (NYSEARCA:MAGG) was the recipient of a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 57,815 shares, a decline of 34.1% from the January 29th total of 87,757 shares. Currently, 1.7% of the company’s shares are sold short. Based on an average daily volume of 7,954 shares, the days-to-cover ratio is presently 7.3 days. Based on an average daily volume of 7,954 shares, the days-to-cover ratio is presently 7.3 days. Currently, 1.7% of the company’s shares are sold short.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Royal Bank of Canada raised its holdings in shares of Madison Aggregate Bond ETF by 22.5% in the first quarter. Royal Bank of Canada now owns 262,902 shares of the company’s stock worth $5,339,000 after buying an additional 48,369 shares during the period. Jane Street Group LLC bought a new position in Madison Aggregate Bond ETF in the 1st quarter valued at $480,000. Finally, Tidal Investments LLC increased 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 purchasing an additional 83,416 shares during the period.

Madison Aggregate Bond ETF Stock Up 0.2%

MAGG traded up $0.04 during trading on Friday, reaching $20.74. The company had a trading volume of 328 shares, compared to its average volume of 9,603. The business has a 50 day simple moving average of $20.58 and a 200-day simple moving average of $20.58. Madison Aggregate Bond ETF has a 52 week low of $19.96 and a 52 week high of $20.96.

Madison Aggregate Bond ETF Cuts Dividend

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

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.