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

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

Institutional Trading of SPDR SSGA My2027 Corporate Bond ETF

Large investors have recently made changes to their positions in the company. Private Advisor Group LLC increased its position in 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 buying an additional 2,730 shares during the period. Citadel Advisors LLC grew its position in shares of SPDR SSGA My2027 Corporate Bond ETF by 101.9% during the second quarter. Citadel Advisors LLC now owns 28,110 shares of the company’s stock worth $702,000 after acquiring an additional 14,189 shares during the last quarter. Hobbs Group Advisors LLC grew its position in shares of SPDR SSGA My2027 Corporate Bond ETF by 100.0% during the first quarter. Hobbs Group Advisors LLC now owns 45,904 shares of the company’s stock worth $1,148,000 after acquiring an additional 22,950 shares during the last quarter. L2 Asset Management LLC increased its holdings in shares of 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 valued at $1,593,000 after acquiring an additional 3,810 shares during the period. Finally, Lido Advisors LLC acquired a new position in shares of SPDR SSGA My2027 Corporate Bond ETF in the 4th quarter valued at $2,761,000.

SPDR SSGA My2027 Corporate Bond ETF Trading Up 0.0%

Shares of NASDAQ MYCG traded up $0.01 during mid-day trading on Friday, reaching $24.91. The company had a trading volume of 2,867 shares, compared to its average volume of 6,938. The firm has a 50 day simple moving average of $24.93 and a two-hundred day simple moving average of $24.95. SPDR SSGA My2027 Corporate Bond ETF has a 52-week low of $24.84 and a 52-week high of $25.14.

SPDR SSGA My2027 Corporate Bond ETF Cuts Dividend

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

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.