Madison Aggregate Bond ETF (NYSEARCA:MAGG) Short Interest Down 99.5% in May

Madison Aggregate Bond ETF (NYSEARCA:MAGG) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 51 shares, a decline of 99.5% from the May 14th total of 9,822 shares. Based on an average daily volume of 26,678 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Madison Aggregate Bond ETF Stock Up 0.1%

Shares of MAGG traded up $0.02 during midday trading on Thursday, reaching $20.18. 795 shares of the stock were exchanged, compared to its average volume of 7,001. The business’s 50-day moving average price is $20.27 and its 200 day moving average price is $20.45. Madison Aggregate Bond ETF has a twelve month low of $19.98 and a twelve month high of $20.96.

Institutional Trading of Madison Aggregate Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jane Street Group LLC acquired a new stake in shares of Madison Aggregate Bond ETF during the first quarter worth about $480,000. Tidal Investments LLC increased its position in shares of Madison Aggregate Bond ETF by 512.7% during the second quarter. Tidal Investments LLC now owns 99,685 shares of the company’s stock worth $2,030,000 after purchasing an additional 83,416 shares in the last quarter. Royal Bank of Canada increased its position 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 purchasing an additional 48,369 shares in the last quarter. Finally, Madison Asset Management LLC increased its position 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 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.