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

SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 3,806 shares, a decline of 75.4% from the June 30th total of 15,478 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 2,942 shares, the short-interest ratio is currently 1.3 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Lido Advisors LLC acquired a new stake in shares of SPDR SSGA My2027 Corporate Bond ETF in the fourth quarter valued at $2,761,000. JPMorgan Chase & Co. purchased a new position in SPDR SSGA My2027 Corporate Bond ETF during the 2nd quarter valued at about $916,000. LPL Financial LLC boosted its holdings in SPDR SSGA My2027 Corporate Bond ETF by 11.7% during the 4th quarter. LPL Financial LLC now owns 230,565 shares of the company’s stock valued at $5,774,000 after acquiring an additional 24,240 shares during the period. Hobbs Group Advisors LLC acquired a new position in SPDR SSGA My2027 Corporate Bond ETF in the 4th quarter valued at about $575,000. Finally, Blossom Wealth Management purchased a new stake in SPDR SSGA My2027 Corporate Bond ETF during the fourth quarter worth about $468,000.

SPDR SSGA My2027 Corporate Bond ETF Stock Performance

Shares of MYCG stock opened at $24.94 on Tuesday. The firm’s 50 day moving average price is $24.95 and its 200-day moving average price is $24.99. SPDR SSGA My2027 Corporate Bond ETF has a one year low of $24.90 and a one year high of $25.14.

SPDR SSGA My2027 Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were given a $0.0893 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This is a positive change from SPDR SSGA My2027 Corporate Bond ETF’s previous monthly dividend of $0.09. This represents a c) dividend on an annualized basis and a yield of 4.3%.

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.