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

Madison Aggregate Bond ETF (NYSEARCA:MAGG) was the recipient of a large decline in short interest in April. As of April 15th, there was short interest totaling 4,897 shares, a decline of 84.9% from the March 31st total of 32,365 shares. Based on an average daily volume of 2,784 shares, the short-interest ratio is presently 1.8 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Trading of Madison Aggregate Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of MAGG. Jane Street Group LLC purchased a new stake in shares of Madison Aggregate Bond ETF during the first quarter worth about $480,000. Tidal Investments LLC increased its stake 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 worth $2,030,000 after purchasing an additional 83,416 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in shares of Madison Aggregate Bond ETF by 22.5% during the first quarter. Royal Bank of Canada now owns 262,902 shares of the company’s stock worth $5,339,000 after purchasing an additional 48,369 shares in the last quarter.

Madison Aggregate Bond ETF Price Performance

Shares of Madison Aggregate Bond ETF stock traded up $0.02 on Friday, hitting $20.41. The company’s stock had a trading volume of 4,231 shares, compared to its average volume of 6,223. Madison Aggregate Bond ETF has a 1 year low of $19.96 and a 1 year high of $20.96. The firm has a fifty day moving average price of $20.49 and a 200-day moving average price of $20.55.

Madison Aggregate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 25th were given a dividend of $0.0446 per share. The ex-dividend date was Wednesday, February 25th. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%.

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.