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

Madison Aggregate Bond ETF (NYSEARCA:MAGG) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 215 shares, an increase of ? from the August 15th total of 0 shares. Based on an average trading volume of 1,718 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Madison Aggregate Bond ETF Price Performance

NYSEARCA:MAGG opened at $19.52 on Tuesday. Madison Aggregate Bond ETF has a 12-month low of $19.52 and a 12-month high of $20.96. The firm has a 50-day moving average price of $19.91 and a 200 day moving average price of $20.18.

Madison Aggregate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Thursday, August 27th were paid a $0.0751 dividend. The ex-dividend date was Thursday, August 27th. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%.

Institutional Investors Weigh In On Madison Aggregate Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. ZEGA Investments LLC raised its position in shares of Madison Aggregate Bond ETF by 3.2% in the 2nd quarter. ZEGA Investments LLC now owns 50,310 shares of the company’s stock valued at $1,017,000 after acquiring an additional 1,561 shares during the period. Royal Bank of Canada lifted 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 valued at $9,653,000 after acquiring an additional 83,604 shares in the last quarter. Finally, Madison Asset Management LLC lifted its holdings in shares of Madison Aggregate Bond ETF by 4.5% in the first 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.

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.