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

SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 15,478 shares, an increase of 229.6% from the June 15th total of 4,696 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average trading volume of 16,057 shares, the short-interest ratio is presently 1.0 days.

SPDR SSGA My2027 Corporate Bond ETF Stock Performance

Shares of MYCG stock remained flat at $24.92 during trading hours on Tuesday. The stock had a trading volume of 402 shares, compared to its average volume of 5,079. SPDR SSGA My2027 Corporate Bond ETF has a fifty-two week low of $24.90 and a fifty-two week high of $25.14. The business’s 50-day simple moving average is $24.95 and its 200 day simple moving average is $25.00.

SPDR SSGA My2027 Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were paid a dividend of $0.0893 per share. This is a boost from SPDR SSGA My2027 Corporate Bond ETF’s previous monthly dividend of $0.09. The ex-dividend date of this dividend was Wednesday, July 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

Several large investors have recently bought and sold shares of the company. Private Advisor Group LLC purchased a new position in SPDR SSGA My2027 Corporate Bond ETF during the 3rd quarter valued at about $215,000. Oldfather Financial Services LLC acquired a new stake in shares of SPDR SSGA My2027 Corporate Bond ETF in the fourth quarter valued at approximately $250,000. Jane Street Group LLC acquired a new stake in shares of SPDR SSGA My2027 Corporate Bond ETF in the first quarter valued at approximately $426,000. Blossom Wealth Management acquired a new stake in shares of SPDR SSGA My2027 Corporate Bond ETF in the fourth quarter valued at approximately $468,000. Finally, Hobbs Group Advisors LLC purchased a new position in shares of SPDR SSGA My2027 Corporate Bond ETF during the 4th quarter worth approximately $575,000.

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.