Short Interest in SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) Expands By 25.7%

SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 3,453 shares, a growth of 25.7% from the December 15th total of 2,748 shares. Based on an average trading volume of 10,244 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the shares of the company are sold short. Approximately 0.3% of the shares of the company are sold short. Based on an average trading volume of 10,244 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On SPDR SSGA My2027 Corporate Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC purchased a new position in SPDR SSGA My2027 Corporate Bond ETF during the first quarter valued at $426,000. Global Financial Private Client LLC lifted its position in shares of SPDR SSGA My2027 Corporate Bond ETF by 7.8% during the 2nd quarter. Global Financial Private Client LLC now owns 8,903 shares of the company’s stock valued at $223,000 after buying an additional 644 shares in the last quarter. Exchange Capital Management Inc. grew its stake in shares of SPDR SSGA My2027 Corporate Bond ETF by 257.9% during the 2nd quarter. Exchange Capital Management Inc. now owns 104,012 shares of the company’s stock valued at $2,601,000 after acquiring an additional 74,954 shares during the period. JPMorgan Chase & Co. purchased a new stake in SPDR SSGA My2027 Corporate Bond ETF in the 2nd quarter worth approximately $916,000. Finally, Marathon Capital Management increased its holdings in SPDR SSGA My2027 Corporate Bond ETF by 107.3% in the 2nd quarter. Marathon Capital Management now owns 25,471 shares of the company’s stock worth $637,000 after acquiring an additional 13,186 shares in the last quarter.

SPDR SSGA My2027 Corporate Bond ETF Trading Up 0.0%

NASDAQ:MYCG traded up $0.01 on Monday, hitting $25.07. The stock had a trading volume of 2,859 shares, compared to its average volume of 6,387. The business’s 50-day simple moving average is $25.04 and its two-hundred day simple moving average is $25.03. SPDR SSGA My2027 Corporate Bond ETF has a 52-week low of $24.65 and a 52-week high of $27.31.

SPDR SSGA My2027 Corporate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Thursday, December 18th were given a $0.0886 dividend. The ex-dividend date was Thursday, December 18th. This represents a c) annualized dividend and a yield of 4.2%.

About SPDR SSGA My2027 Corporate Bond ETF

The SPDR SSgA My2027 Corporate Bond ETF (MYCG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of investment grade corporate bonds with effective maturities in 2027. Bonds are USD-denominated. MYCG was launched on Sep 23, 2024 and is issued by State Street.