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

Madison Aggregate Bond ETF (NYSEARCA:MAGGGet Free Report) saw a significant increase in short interest during the month of 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. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 1,016 shares, the short-interest ratio is presently 13.3 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of MAGG. Royal Bank of Canada increased its holdings in shares of 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 valued at $9,653,000 after purchasing an additional 83,604 shares during the period. 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. Tidal Investments LLC grew its position in Madison Aggregate Bond ETF by 512.7% in the 2nd quarter. Tidal Investments LLC now owns 99,685 shares of the company’s stock valued at $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 during the 1st quarter valued at about $480,000.

Madison Aggregate Bond ETF Price Performance

Shares of MAGG stock opened at $20.30 on Friday. Madison Aggregate Bond ETF has a 12-month low of $19.98 and a 12-month high of $20.96. The business has a 50 day simple moving average of $20.24 and a 200 day simple moving average of $20.42.

About Madison Aggregate Bond ETF

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Madison Aggregate Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Madison Aggregate Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.