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

Madison Aggregate Bond ETF (NYSEARCA:MAGG) saw a significant decrease in short interest during the month of April. As of April 15th, there was short interest totaling 4,897 shares, a decrease of 84.9% from the March 31st total of 32,365 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 2,784 shares, the short-interest ratio is currently 1.8 days.

Hedge Funds Weigh In On Madison Aggregate Bond ETF

Several hedge funds have recently added to or reduced their stakes in MAGG. Royal Bank of Canada increased its stake in Madison Aggregate Bond ETF by 22.5% in the first quarter. Royal Bank of Canada now owns 262,902 shares of the company’s stock valued at $5,339,000 after purchasing an additional 48,369 shares during the last quarter. Jane Street Group LLC purchased a new position in Madison Aggregate Bond ETF in the first quarter valued at approximately $480,000. Finally, Tidal Investments LLC increased its stake 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 valued at $2,030,000 after purchasing an additional 83,416 shares during the last quarter.

Madison Aggregate Bond ETF Stock Performance

Madison Aggregate Bond ETF stock traded up $0.02 during mid-day trading on Friday, hitting $20.41. The company had a trading volume of 4,231 shares, compared to its average volume of 6,223. Madison Aggregate Bond ETF has a 1 year low of $19.96 and a 1 year high of $20.96. The business has a fifty day moving average of $20.49 and a 200 day moving average of $20.55.

Madison Aggregate Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Wednesday, February 25th were paid a $0.0446 dividend. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date was Wednesday, February 25th.

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.