Short Interest in SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) Increases By 229.6%

SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 15,478 shares, a growth of 229.6% from the June 15th total of 4,696 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average daily volume of 16,057 shares, the short-interest ratio is currently 1.0 days.

SPDR SSGA My2027 Corporate Bond ETF Price Performance

Shares of NASDAQ MYCG opened at $24.93 on Monday. SPDR SSGA My2027 Corporate Bond ETF has a 1-year low of $24.90 and a 1-year high of $25.14. The company has a 50-day moving average of $24.95 and a two-hundred day moving average of $25.00.

SPDR SSGA My2027 Corporate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were given a $0.0893 dividend. This is a boost from SPDR SSGA My2027 Corporate Bond ETF’s previous monthly dividend of $0.09. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a yield of 4.3%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Sanctuary Advisors LLC increased its stake in shares of SPDR SSGA My2027 Corporate Bond ETF by 0.4% in the 4th quarter. Sanctuary Advisors LLC now owns 98,501 shares of the company’s stock valued at $2,467,000 after buying an additional 421 shares during the period. Private Advisor Group LLC lifted its stake 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 valued at $355,000 after acquiring an additional 2,730 shares during the period. L2 Asset Management LLC boosted its holdings in SPDR SSGA My2027 Corporate Bond ETF by 6.4% in the fourth 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 last quarter. Oldfather Financial Services LLC bought a new position in SPDR SSGA My2027 Corporate Bond ETF in the fourth quarter valued at about $250,000. Finally, Jane Street Group LLC acquired a new stake in SPDR SSGA My2027 Corporate Bond ETF in the first quarter worth about $426,000.

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.