SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) Sees Significant Drop in Short Interest

SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) saw a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 379 shares, a decline of 97.3% from the January 15th total of 13,919 shares. Based on an average trading volume of 7,845 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 7,845 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MYCG. Lido Advisors LLC bought a new position in shares of SPDR SSGA My2027 Corporate Bond ETF in the 4th quarter valued at about $2,761,000. Gradient Investments LLC increased its holdings in SPDR SSGA My2027 Corporate Bond ETF by 263.4% during the 4th quarter. Gradient Investments LLC now owns 120,534 shares of the company’s stock worth $3,018,000 after purchasing an additional 87,364 shares in the last quarter. L2 Asset Management LLC bought a new stake in SPDR SSGA My2027 Corporate Bond ETF in the 3rd quarter valued at approximately $1,501,000. JPMorgan Chase & Co. bought a new stake in shares of SPDR SSGA My2027 Corporate Bond ETF in the second quarter worth $916,000. Finally, Hobbs Group Advisors LLC bought a new stake in SPDR SSGA My2027 Corporate Bond ETF during the 4th quarter worth about $575,000.

SPDR SSGA My2027 Corporate Bond ETF Stock Up 0.0%

NASDAQ MYCG traded up $0.01 during trading hours on Tuesday, reaching $25.08. 2,111 shares of the company’s stock were exchanged, compared to its average volume of 6,282. SPDR SSGA My2027 Corporate Bond ETF has a one year low of $24.65 and a one year high of $27.31. The firm has a fifty day moving average of $25.05 and a 200-day moving average of $25.04.

SPDR SSGA My2027 Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.0883 per share. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Monday, February 2nd.

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.