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

SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 14,667 shares, an increase of 326.9% from the August 15th total of 3,436 shares. Currently, 1.0% of the shares of the company are short sold. Based on an average daily trading volume, of 24,345 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On SPDR SSGA My2027 Corporate Bond ETF

Institutional investors have recently added to or reduced their stakes in the business. Private Advisor Group LLC acquired a new position in SPDR SSGA My2027 Corporate Bond ETF during the 3rd quarter worth approximately $215,000. Jane Street Group LLC acquired a new stake in shares of SPDR SSGA My2027 Corporate Bond ETF in the 1st quarter valued at approximately $426,000. Citadel Advisors LLC boosted its stake in shares of SPDR SSGA My2027 Corporate Bond ETF by 101.9% in the second quarter. Citadel Advisors LLC now owns 28,110 shares of the company’s stock valued at $702,000 after buying an additional 14,189 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of SPDR SSGA My2027 Corporate Bond ETF in the second quarter valued at approximately $916,000. Finally, Hobbs Group Advisors LLC boosted its stake in shares of SPDR SSGA My2027 Corporate Bond ETF by 100.0% in the first quarter. Hobbs Group Advisors LLC now owns 45,904 shares of the company’s stock valued at $1,148,000 after buying an additional 22,950 shares in the last quarter.

SPDR SSGA My2027 Corporate Bond ETF Stock Performance

MYCG stock opened at $24.90 on Friday. The company has a fifty day moving average of $24.94 and a 200-day moving average of $24.96. 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 company also recently declared a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were issued a dividend of $0.0887 per share. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Tuesday, September 1st.

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.