SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) Short Interest Update

SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) was the recipient of a significant growth in short interest in February. As of February 13th, there was short interest totaling 2,587 shares, a growth of 582.6% from the January 29th total of 379 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 3,468 shares, the days-to-cover ratio is presently 0.7 days. Based on an average trading volume of 3,468 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On SPDR SSGA My2027 Corporate Bond ETF

Several institutional investors have recently modified their holdings of MYCG. Private Advisor Group LLC acquired a new stake in shares of SPDR SSGA My2027 Corporate Bond ETF in the 3rd quarter worth approximately $215,000. Beacon Financial Group boosted its position in SPDR SSGA My2027 Corporate Bond ETF by 10.0% during the third quarter. Beacon Financial Group now owns 8,798 shares of the company’s stock worth $221,000 after purchasing an additional 798 shares in the last quarter. Oldfather Financial Services LLC acquired a new stake in SPDR SSGA My2027 Corporate Bond ETF in the fourth quarter valued at $250,000. Fourth Dimension Wealth LLC purchased a new position in shares of SPDR SSGA My2027 Corporate Bond ETF in the third quarter valued at $281,000. Finally, Jane Street Group LLC purchased a new position in shares of SPDR SSGA My2027 Corporate Bond ETF in the first quarter valued at $426,000.

SPDR SSGA My2027 Corporate Bond ETF Stock Performance

Shares of NASDAQ MYCG remained flat at $25.11 during trading on Wednesday. 7,382 shares of the company’s stock traded hands, compared to its average volume of 5,759. SPDR SSGA My2027 Corporate Bond ETF has a 52 week low of $24.65 and a 52 week high of $27.31. The stock has a 50-day moving average price of $25.06 and a two-hundred day moving average price of $25.05.

SPDR SSGA My2027 Corporate Bond ETF Cuts Dividend

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

SPDR SSGA My2027 Corporate Bond ETF Company Profile

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.