Short Interest in Madison Aggregate Bond ETF (NYSEARCA:MAGG) Rises By 41.0%

Madison Aggregate Bond ETF (NYSEARCA:MAGGGet Free Report) was the target of a significant 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 volume of 3,501 shares, the days-to-cover ratio is currently 9.2 days. Approximately 0.9% of the company’s shares are short sold.

Institutional Investors Weigh In On Madison Aggregate Bond ETF

Several hedge funds have recently made changes to their positions in MAGG. Royal Bank of Canada boosted 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 worth $5,339,000 after purchasing an additional 48,369 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Madison Aggregate Bond ETF during the first quarter worth $480,000. Finally, Tidal Investments LLC boosted its holdings in shares of Madison Aggregate Bond ETF by 512.7% during 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 last quarter.

Madison Aggregate Bond ETF Stock Performance

MAGG stock opened at $20.45 on Friday. Madison Aggregate Bond ETF has a 52-week low of $19.96 and a 52-week high of $20.96. The stock’s fifty day simple moving average is $20.51 and its 200-day simple moving average is $20.56.

Madison Aggregate Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 25th were issued a dividend of $0.0446 per share. The ex-dividend date was Wednesday, February 25th. This represents a c) annualized dividend and a dividend yield of 2.6%.

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.

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