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

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

Institutional Trading of Madison Aggregate Bond ETF

Several institutional investors have recently modified their holdings of MAGG. Madison Asset Management LLC lifted 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 valued at $55,285,000 after acquiring an additional 117,170 shares during the last quarter. Royal Bank of Canada boosted its holdings in 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 buying an additional 83,604 shares in the last quarter. Tidal Investments LLC boosted its holdings in 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 buying an additional 83,416 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in Madison Aggregate Bond ETF in the first quarter worth approximately $480,000.

Madison Aggregate Bond ETF Stock Performance

MAGG traded up $0.03 during trading on Thursday, reaching $20.34. The stock had a trading volume of 2,238 shares, compared to its average volume of 6,654. The stock has a 50 day moving average of $20.25 and a two-hundred day moving average of $20.43. Madison Aggregate Bond ETF has a 1-year low of $19.98 and a 1-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.