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

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

Hedge Funds Weigh In On Madison Aggregate Bond ETF

A number of hedge funds have recently added to or reduced their stakes in MAGG. Madison Asset Management LLC raised its holdings in Madison Aggregate Bond ETF by 4.5% in the 1st quarter. Madison Asset Management LLC now owns 2,724,067 shares of the company’s stock worth $55,285,000 after acquiring an additional 117,170 shares during the last quarter. Royal Bank of Canada raised its holdings 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 worth $9,653,000 after acquiring an additional 83,604 shares during the last quarter. Tidal Investments LLC raised its holdings 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 worth $2,030,000 after acquiring an additional 83,416 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in Madison Aggregate Bond ETF in the 1st quarter worth approximately $480,000.

Madison Aggregate Bond ETF Stock Performance

Shares of MAGG traded up $0.04 during mid-day trading on Tuesday, reaching $20.17. The company had a trading volume of 569 shares, compared to its average volume of 7,093. Madison Aggregate Bond ETF has a 52 week low of $19.98 and a 52 week high of $20.96. The firm has a 50-day moving average price of $20.27 and a 200 day moving average price of $20.46.

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.