Short Interest in SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) Grows By 303.1%

SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 13,919 shares, an increase of 303.1% from the December 31st total of 3,453 shares. Based on an average trading volume of 6,787 shares, the short-interest ratio is presently 2.1 days. Approximately 1.3% of the shares of the company are short sold. Approximately 1.3% of the shares of the company are short sold. Based on an average trading volume of 6,787 shares, the short-interest ratio is presently 2.1 days.

SPDR SSGA My2027 Corporate Bond ETF Stock Up 0.1%

Shares of MYCG traded up $0.02 during trading hours on Friday, hitting $25.13. The stock had a trading volume of 3,883 shares, compared to its average volume of 7,269. The company’s fifty day moving average is $25.05 and its two-hundred day moving average is $25.04. SPDR SSGA My2027 Corporate Bond ETF has a 52 week low of $24.65 and a 52 week high of $27.31.

SPDR SSGA My2027 Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Thursday, December 18th were issued a dividend of $0.0886 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Thursday, December 18th.

Institutional Trading of SPDR SSGA My2027 Corporate Bond ETF

Several institutional investors have recently modified their holdings of the stock. Private Advisor Group LLC acquired a new stake in SPDR SSGA My2027 Corporate Bond ETF during the 3rd quarter valued at $215,000. Beacon Financial Group raised its holdings in SPDR SSGA My2027 Corporate Bond ETF by 10.0% in the 3rd quarter. Beacon Financial Group now owns 8,798 shares of the company’s stock valued at $221,000 after acquiring an additional 798 shares in the last quarter. Oldfather Financial Services LLC bought a new stake in shares of SPDR SSGA My2027 Corporate Bond ETF during the 4th quarter worth $250,000. Fourth Dimension Wealth LLC bought a new position in shares of SPDR SSGA My2027 Corporate Bond ETF during the third quarter valued at about $281,000. Finally, Jane Street Group LLC bought a new stake in shares of SPDR SSGA My2027 Corporate Bond ETF in the first quarter worth $426,000.

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.