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

SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 5,039 shares, a decline of 37.8% from the September 30th total of 8,100 shares. Based on an average trading volume of 12,722 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the shares of the company are sold short.

SPDR SSGA My2027 Corporate Bond ETF Stock Down 0.4%

Shares of SPDR SSGA My2027 Corporate Bond ETF stock traded down $0.09 during trading on Monday, hitting $24.85. 7,755 shares of the stock were exchanged, compared to its average volume of 7,416. SPDR SSGA My2027 Corporate Bond ETF has a 12 month low of $24.81 and a 12 month high of $25.14. The stock’s fifty day moving average is $24.91 and its 200 day moving average is $24.97.

SPDR SSGA My2027 Corporate Bond ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were given a $0.0912 dividend. The ex-dividend date was Thursday, October 1st.

Institutional Investors Weigh In On SPDR SSGA My2027 Corporate Bond ETF

Large investors have recently made changes to their positions in the company. Gradient Investments LLC acquired a new position in shares of SPDR SSGA My2027 Corporate Bond ETF during the third quarter worth approximately $4,544,000. Woodmont Investment Counsel LLC acquired a new stake in SPDR SSGA My2027 Corporate Bond ETF in the 3rd quarter valued at approximately $1,367,000. Hobbs Group Advisors LLC increased its position 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 valued at $1,148,000 after acquiring an additional 22,950 shares during the period. Lido Advisors LLC raised its stake in SPDR SSGA My2027 Corporate Bond ETF by 15.7% during the 1st quarter. Lido Advisors LLC now owns 127,552 shares of the company’s stock valued at $3,189,000 after acquiring an additional 17,278 shares in the last quarter. Finally, 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 acquiring an additional 14,189 shares in the last quarter.

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.