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

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

Institutional Inflows and Outflows

A number of institutional investors 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 approximately $480,000. Tidal Investments LLC boosted its holdings in shares of Madison Aggregate Bond ETF by 512.7% in the second quarter. Tidal Investments LLC now owns 99,685 shares of the company’s stock valued at $2,030,000 after acquiring an additional 83,416 shares in the last quarter. 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 acquiring an additional 48,369 shares during the period. Finally, Madison Asset Management LLC increased its stake in shares of Madison Aggregate Bond ETF by 4.5% during the first quarter. Madison Asset Management LLC now owns 2,724,067 shares of the company’s stock worth $55,285,000 after acquiring an additional 117,170 shares during the period.

Madison Aggregate Bond ETF Price Performance

Shares of MAGG traded down $0.04 during mid-day trading on Tuesday, hitting $19.88. 161 shares of the company’s stock were exchanged, compared to its average volume of 5,727. Madison Aggregate Bond ETF has a fifty-two week low of $19.83 and a fifty-two week high of $20.96. The business’s 50 day moving average is $20.12 and its two-hundred day 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.