Madison Aggregate Bond ETF (NYSEARCA:MAGG – Get Free Report) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 32,365 shares, a growth of 41.0% from the March 15th total of 22,949 shares. Based on an average daily trading volume, of 3,501 shares, the days-to-cover ratio is presently 9.2 days. Approximately 0.9% of the shares of the company are short sold.
Madison Aggregate Bond ETF Stock Performance
NYSEARCA MAGG opened at $20.49 on Wednesday. Madison Aggregate Bond ETF has a 1 year low of $19.96 and a 1 year high of $20.96. The company has a fifty day moving average of $20.51 and a 200 day moving average of $20.56.
Madison Aggregate Bond ETF Cuts Dividend
The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 25th were issued a $0.0446 dividend. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Wednesday, February 25th.
Institutional Inflows and Outflows
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.
Further Reading
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