Madison Aggregate Bond ETF (NYSEARCA:MAGG) Short Interest Down 34.1% in February
by Teresa Graham · The Cerbat GemMadison Aggregate Bond ETF (NYSEARCA:MAGG – Get Free Report) was the target of a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 57,815 shares, a decrease of 34.1% from the January 29th total of 87,757 shares. Based on an average daily volume of 7,954 shares, the days-to-cover ratio is presently 7.3 days. Approximately 1.7% of the shares of the stock are short sold. Approximately 1.7% of the shares of the stock are short sold. Based on an average daily volume of 7,954 shares, the days-to-cover ratio is presently 7.3 days.
Institutional Investors Weigh In On Madison Aggregate Bond ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of MAGG. Jane Street Group LLC acquired a new stake in Madison Aggregate Bond ETF in the 1st quarter valued at about $480,000. Royal Bank of Canada raised its stake in 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 valued at $8,039,000 after buying an additional 31,707 shares during the period. Finally, Tidal Investments LLC raised its stake in 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 buying an additional 83,416 shares during the period.
Madison Aggregate Bond ETF Stock Down 0.1%
Shares of Madison Aggregate Bond ETF stock traded down $0.02 during trading on Tuesday, reaching $20.65. 452 shares of the company were exchanged, compared to its average volume of 9,160. The business has a 50-day moving average price of $20.59 and a 200-day moving average price of $20.58. Madison Aggregate Bond ETF has a twelve month low of $19.96 and a twelve month high of $20.96.
Madison Aggregate Bond ETF Cuts Dividend
The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, February 25th were paid a dividend of $0.0446 per share. This represents a c) dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Wednesday, February 25th.
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.