Madison Aggregate Bond ETF (NYSEARCA:MAGG) Short Interest Up 26,366.7% in June

Madison Aggregate Bond ETF (NYSEARCA:MAGG) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 13,498 shares, a growth of 26,366.7% from the May 31st total of 51 shares. Based on an average daily trading volume, of 1,016 shares, the days-to-cover ratio is presently 13.3 days. Currently, 0.4% of the company’s stock are sold short.

Madison Aggregate Bond ETF Stock Up 0.1%

Madison Aggregate Bond ETF stock traded up $0.03 during mid-day trading on Thursday, hitting $20.34. The company’s stock had a trading volume of 2,238 shares, compared to its average volume of 6,654. The firm’s 50 day moving average is $20.25 and its 200 day moving average is $20.43. Madison Aggregate Bond ETF has a 52-week low of $19.98 and a 52-week high of $20.96.

Hedge Funds Weigh In On Madison Aggregate Bond ETF

Large investors have recently made changes to their positions in the business. Royal Bank of Canada boosted its holdings in shares of Madison Aggregate Bond ETF by 21.3% during the first 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 period. Madison Asset Management LLC grew its position in 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 valued at $55,285,000 after purchasing an additional 117,170 shares in the last quarter. Tidal Investments LLC increased its stake in Madison Aggregate Bond ETF by 512.7% in the 2nd quarter. Tidal Investments LLC now owns 99,685 shares of the company’s stock valued at $2,030,000 after buying an additional 83,416 shares during the period. Finally, Jane Street Group LLC acquired a new position in Madison Aggregate Bond ETF in the 1st quarter valued at approximately $480,000.

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.