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

SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCGGet Free Report) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,328 shares, an increase of 72.9% from the April 30th total of 768 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 2,803 shares, the short-interest ratio is presently 0.5 days.

SPDR SSGA My2027 Corporate Bond ETF Stock Performance

SPDR SSGA My2027 Corporate Bond ETF stock opened at $24.93 on Wednesday. The company’s 50-day moving average price is $24.97 and its 200-day moving average price is $25.02. SPDR SSGA My2027 Corporate Bond ETF has a twelve month low of $24.83 and a twelve month high of $25.14.

SPDR SSGA My2027 Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Monday, June 1st will be issued a $0.0887 dividend. The ex-dividend date is Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%.

Institutional Trading of SPDR SSGA My2027 Corporate Bond ETF

A number of large investors have recently made changes to their positions in MYCG. Jane Street Group LLC bought a new stake in shares of SPDR SSGA My2027 Corporate Bond ETF in the 1st quarter worth about $426,000. JPMorgan Chase & Co. bought a new stake in shares of SPDR SSGA My2027 Corporate Bond ETF in the 2nd quarter worth about $916,000. Private Advisor Group LLC bought a new stake in shares of SPDR SSGA My2027 Corporate Bond ETF in the 3rd quarter worth about $215,000. L2 Asset Management LLC bought a new stake in shares of SPDR SSGA My2027 Corporate Bond ETF in the 3rd quarter worth about $1,501,000. Finally, Gradient Investments LLC increased its holdings in shares of SPDR SSGA My2027 Corporate Bond ETF by 263.4% in the 4th quarter. Gradient Investments LLC now owns 120,534 shares of the company’s stock worth $3,018,000 after buying an additional 87,364 shares during the last quarter.

SPDR SSGA My2027 Corporate Bond ETF Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for SPDR SSGA My2027 Corporate Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR SSGA My2027 Corporate Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.