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

Madison Aggregate Bond ETF (NYSEARCA:MAGG) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 13,498 shares, a growth of 26,366.7% from the May 31st total of 51 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 1,016 shares, the days-to-cover ratio is currently 13.3 days.

Madison Aggregate Bond ETF Price Performance

Madison Aggregate Bond ETF stock opened at $20.34 on Friday. Madison Aggregate Bond ETF has a fifty-two week low of $19.98 and a fifty-two week high of $20.96. The firm has a fifty day moving average price of $20.24 and a two-hundred day moving average price of $20.43.

Hedge Funds Weigh In On Madison Aggregate Bond ETF

Several large investors have recently made changes to their positions in MAGG. Madison Asset Management LLC boosted its stake in 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 purchasing an additional 117,170 shares during the period. Royal Bank of Canada increased its position in Madison Aggregate Bond ETF by 21.3% in 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 during the period. Tidal Investments LLC lifted 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 worth $2,030,000 after buying an additional 83,416 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Madison Aggregate Bond ETF during the first quarter worth approximately $480,000.

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.