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

Madison Aggregate Bond ETF (NYSEARCA:MAGGGet 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

Several institutional investors have recently bought and sold shares of MAGG. Royal Bank of Canada raised its position in shares of Madison Aggregate Bond ETF by 8.8% in the fourth quarter. Royal Bank of Canada now owns 392,039 shares of the company’s stock worth $8,039,000 after acquiring an additional 31,707 shares during the period. Tidal Investments LLC grew its position in shares of 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 period. Finally, Jane Street Group LLC purchased a new stake in shares of Madison Aggregate Bond ETF during the first quarter worth about $480,000.

Madison Aggregate Bond ETF Company Profile

(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.

Further Reading

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.