Madison Aggregate Bond ETF (NYSEARCA:MAGG – Get Free Report) saw a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 1,175 shares, a decline of 93.4% from the July 15th total of 17,692 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 2,627 shares, the short-interest ratio is presently 0.4 days.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada increased its holdings in shares of Madison Aggregate Bond ETF by 22.5% during 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 period. Jane Street Group LLC bought a new stake in shares of Madison Aggregate Bond ETF during the first quarter valued at about $480,000. Tidal Investments LLC lifted its holdings 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 purchasing an additional 83,416 shares during the period. Finally, Madison Asset Management LLC lifted its holdings 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 purchasing an additional 117,170 shares during the period.
Madison Aggregate Bond ETF Stock Performance
Shares of NYSEARCA MAGG traded up $0.08 during midday trading on Thursday, hitting $19.96. 116 shares of the company’s stock were exchanged, compared to its average volume of 5,707. Madison Aggregate Bond ETF has a twelve month low of $19.83 and a twelve month high of $20.96. The stock’s 50 day moving average price is $20.11 and its 200-day moving average price is $20.30.
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.
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