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

Madison Aggregate Bond ETF (NYSEARCA:MAGG) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 215 shares, a growth of ? from the August 15th total of 0 shares. Based on an average daily volume of 1,718 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Trading of Madison Aggregate Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MAGG. Madison Asset Management LLC lifted its position in Madison Aggregate Bond ETF by 4.5% during the 1st quarter. Madison Asset Management LLC now owns 2,724,067 shares of the company’s stock worth $55,285,000 after acquiring an additional 117,170 shares in the last quarter. Royal Bank of Canada grew its position in Madison Aggregate Bond ETF by 21.3% in the first quarter. Royal Bank of Canada now owns 475,643 shares of the company’s stock valued at $9,653,000 after acquiring an additional 83,604 shares in the last quarter. Finally, ZEGA Investments LLC raised its stake in shares of Madison Aggregate Bond ETF by 3.2% during the second quarter. ZEGA Investments LLC now owns 50,310 shares of the company’s stock valued at $1,017,000 after purchasing an additional 1,561 shares during the period.

Madison Aggregate Bond ETF Stock Up 0.2%

Shares of MAGG stock traded up $0.04 during trading hours on Wednesday, hitting $19.57. The company’s stock had a trading volume of 3,216 shares, compared to its average volume of 5,457. The business has a fifty day moving average of $19.90 and a 200-day moving average of $20.17. Madison Aggregate Bond ETF has a twelve month low of $19.49 and a twelve month high of $20.96.

Madison Aggregate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, August 31st. Shareholders of record on Thursday, August 27th were issued a $0.0751 dividend. The ex-dividend date was Thursday, August 27th. This represents a c) annualized dividend and a yield of 4.6%.

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.