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

by · The Cerbat Gem

Madison Aggregate Bond ETF (NYSEARCA:MAGG – Get Free Report) was the recipient of a large 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 sold short. Based on an average daily trading volume, of 2,844 shares, the short-interest ratio is presently 6.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Madison Asset Management LLC lifted its holdings in shares of 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 buying an additional 117,170 shares during the last quarter. Royal Bank of Canada increased its holdings in Madison Aggregate Bond ETF by 21.3% in the first 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 last quarter. Tidal Investments LLC increased its holdings 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 buying an additional 83,416 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in Madison Aggregate Bond ETF during the first quarter valued at approximately $480,000.

Madison Aggregate Bond ETF Price Performance

MAGG stock traded down $0.10 during mid-day trading on Wednesday, reaching $19.93. 20 shares of the stock traded hands, compared to its average volume of 6,027. Madison Aggregate Bond ETF has a 52-week low of $19.93 and a 52-week high of $20.96. The stock’s fifty day moving average is $20.16 and its 200-day moving average is $20.35.

About Madison Aggregate Bond ETF

(Get Free Report)

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.

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