SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) Sees Large Decline in Short Interest

SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) was the recipient of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 3,290 shares, a drop of 77.6% from the August 31st total of 14,667 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 11,406 shares, the short-interest ratio is currently 0.3 days.

SPDR SSGA My2027 Corporate Bond ETF Trading Up 0.0%

SPDR SSGA My2027 Corporate Bond ETF stock traded up $0.01 during mid-day trading on Friday, hitting $24.91. The stock had a trading volume of 2,867 shares, compared to its average volume of 6,938. The firm’s 50 day moving average is $24.93 and its 200 day moving average is $24.95. SPDR SSGA My2027 Corporate Bond ETF has a one year low of $24.84 and a one year high of $25.14.

SPDR SSGA My2027 Corporate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were issued a dividend of $0.0887 per share. This is a drop from SPDR SSGA My2027 Corporate Bond ETF’s previous monthly dividend of $0.0901. This represents a $1.06 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Tuesday, September 1st.

Hedge Funds Weigh In On SPDR SSGA My2027 Corporate Bond ETF

Hedge funds have recently made changes to their positions in the business. Private Advisor Group LLC grew its position in shares of SPDR SSGA My2027 Corporate Bond ETF by 23.8% during the first quarter. Private Advisor Group LLC now owns 14,205 shares of the company’s stock worth $355,000 after purchasing an additional 2,730 shares in the last quarter. Citadel Advisors LLC raised its stake in SPDR SSGA My2027 Corporate Bond ETF by 101.9% during the 2nd quarter. Citadel Advisors LLC now owns 28,110 shares of the company’s stock valued at $702,000 after purchasing an additional 14,189 shares during the period. Hobbs Group Advisors LLC lifted its holdings in SPDR SSGA My2027 Corporate Bond ETF by 100.0% in the 1st quarter. Hobbs Group Advisors LLC now owns 45,904 shares of the company’s stock worth $1,148,000 after purchasing an additional 22,950 shares in the last quarter. L2 Asset Management LLC lifted its holdings in SPDR SSGA My2027 Corporate Bond ETF by 6.4% in the 4th quarter. L2 Asset Management LLC now owns 63,603 shares of the company’s stock worth $1,593,000 after purchasing an additional 3,810 shares in the last quarter. Finally, Lido Advisors LLC bought a new position in SPDR SSGA My2027 Corporate Bond ETF in the 4th quarter worth approximately $2,761,000.

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.