Madison Aggregate Bond ETF (NYSEARCA:MAGG) Short Interest Down 24.9% in January

Madison Aggregate Bond ETF (NYSEARCA:MAGG) was the recipient of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 87,757 shares, a drop of 24.9% from the January 15th total of 116,842 shares. Based on an average daily volume of 16,061 shares, the days-to-cover ratio is presently 5.5 days. Approximately 2.6% of the shares of the company are short sold. Approximately 2.6% of the shares of the company are short sold. Based on an average daily volume of 16,061 shares, the days-to-cover ratio is presently 5.5 days.

Hedge Funds Weigh In On Madison Aggregate Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Tidal Investments LLC increased its position in Madison Aggregate Bond ETF by 512.7% in 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. Jane Street Group LLC bought a new position in shares of Madison Aggregate Bond ETF during the 1st quarter worth $480,000. Finally, Royal Bank of Canada grew its stake in shares of Madison Aggregate Bond ETF by 22.5% during the 1st quarter. Royal Bank of Canada now owns 262,902 shares of the company’s stock worth $5,339,000 after acquiring an additional 48,369 shares during the period.

Madison Aggregate Bond ETF Stock Performance

NYSEARCA MAGG traded up $0.07 during trading hours on Monday, reaching $20.74. 29,857 shares of the company were exchanged, compared to its average volume of 10,472. Madison Aggregate Bond ETF has a 1 year low of $19.96 and a 1 year high of $20.96. The business’s 50 day simple moving average is $20.56 and its 200-day simple moving average is $20.56.

Madison Aggregate Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 28th were paid a dividend of $0.0673 per share. The ex-dividend date was Wednesday, January 28th. This represents a c) annualized dividend and a dividend yield of 3.9%.

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.