Madison Aggregate Bond ETF (NYSEARCA:MAGG) Sees Significant Decrease in Short Interest

Madison Aggregate Bond ETF (NYSEARCA:MAGG) saw a large drop in short interest in July. As of July 31st, there was short interest totaling 1,175 shares, a drop of 93.4% from the July 15th total of 17,692 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 2,627 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Madison Asset Management LLC raised its holdings in shares of Madison Aggregate Bond ETF by 4.5% in 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 in the last quarter. Royal Bank of Canada lifted its position 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 purchasing an additional 83,604 shares during the last quarter. Tidal Investments LLC grew 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, Jane Street Group LLC acquired a new position in shares of Madison Aggregate Bond ETF during the first quarter worth $480,000.

Madison Aggregate Bond ETF Stock Performance

Shares of MAGG traded down $0.04 during midday trading on Tuesday, hitting $19.88. The company had a trading volume of 161 shares, compared to its average volume of 5,727. Madison Aggregate Bond ETF has a 1 year low of $19.83 and a 1 year high of $20.96. The company’s 50-day simple moving average is $20.12 and its 200-day simple moving average is $20.31.

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.