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

Madison Aggregate Bond ETF (NYSEARCA:MAGG) was the target of a large 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. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 26,678 shares, the days-to-cover ratio is currently 0.0 days.

Madison Aggregate Bond ETF Stock Performance

Madison Aggregate Bond ETF stock traded up $0.04 during trading hours on Tuesday, hitting $20.17. 569 shares of the stock traded hands, compared to its average volume of 7,093. The firm’s 50-day moving average price is $20.27 and its two-hundred day moving average price is $20.46. Madison Aggregate Bond ETF has a one year low of $19.98 and a one year high of $20.96.

Institutional Trading of Madison Aggregate Bond ETF

Several large investors have recently bought and sold shares of the company. Royal Bank of Canada boosted its position in Madison Aggregate Bond ETF by 21.3% during 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. Madison Asset Management LLC boosted its position in Madison Aggregate Bond ETF by 4.5% during the 1st quarter. Madison Asset Management LLC now owns 2,724,067 shares of the company’s stock valued at $55,285,000 after acquiring an additional 117,170 shares in the last quarter. Tidal Investments LLC boosted its position 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 acquiring an additional 83,416 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in Madison Aggregate Bond ETF during the 1st quarter valued at approximately $480,000.

About Madison Aggregate Bond ETF

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.