Madison Aggregate Bond ETF (NYSEARCA:MAGG) Short Interest Up 97.1% in July

Madison Aggregate Bond ETF (NYSEARCA:MAGG) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 17,692 shares, an increase of 97.1% from the June 30th total of 8,977 shares. Based on an average daily trading volume, of 2,844 shares, the days-to-cover ratio is presently 6.2 days. Currently, 0.5% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC purchased a new position in shares of Madison Aggregate Bond ETF in the 1st quarter worth about $480,000. Royal Bank of Canada increased its holdings in Madison Aggregate Bond ETF by 8.8% during the fourth quarter. Royal Bank of Canada now owns 392,039 shares of the company’s stock worth $8,039,000 after buying an additional 31,707 shares during the last quarter. Tidal Investments LLC increased 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 during the last quarter. Finally, Madison Asset Management LLC raised its position in Madison Aggregate Bond ETF by 4.5% in the first 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 period.

Madison Aggregate Bond ETF Price Performance

Shares of NYSEARCA MAGG traded down $0.08 during midday trading on Friday, reaching $19.84. The company’s stock had a trading volume of 1,886 shares, compared to its average volume of 5,961. Madison Aggregate Bond ETF has a 12-month low of $19.83 and a 12-month high of $20.96. The firm has a 50 day moving average price of $20.15 and a 200-day moving average price of $20.35.

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.