Short Interest in Madison Aggregate Bond ETF (NYSEARCA:MAGG) Drops By 99.5%

Madison Aggregate Bond ETF (NYSEARCA:MAGG) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 51 shares, a decrease of 99.5% from the May 14th total of 9,822 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 26,678 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Madison Aggregate Bond ETF

A number of hedge funds have recently added to or reduced their stakes in MAGG. Jane Street Group LLC acquired a new position in shares of Madison Aggregate Bond ETF during the first quarter worth approximately $480,000. Tidal Investments LLC increased its stake in Madison Aggregate Bond ETF by 512.7% during the 2nd quarter. Tidal Investments LLC now owns 99,685 shares of the company’s stock valued at $2,030,000 after purchasing an additional 83,416 shares in the last quarter. Royal Bank of Canada raised its holdings in 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 buying an additional 48,369 shares during the last quarter. Finally, Madison Asset Management LLC lifted its stake 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 buying an additional 117,170 shares in the last quarter.

Madison Aggregate Bond ETF Stock Performance

Shares of MAGG opened at $20.17 on Wednesday. The stock has a 50-day moving average of $20.27 and a 200-day moving average of $20.46. Madison Aggregate Bond ETF has a one year low of $19.98 and a one year high of $20.96.

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.