SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) Stock Short Interest Climbs 146.2%

SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 8,100 shares, a growth of 146.2% from the September 15th total of 3,290 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 7,150 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in MYCG. Private Advisor Group LLC lifted its position in shares of SPDR SSGA My2027 Corporate Bond ETF by 23.8% during the 1st quarter. Private Advisor Group LLC now owns 14,205 shares of the company’s stock worth $355,000 after purchasing an additional 2,730 shares during the last quarter. Citadel Advisors LLC grew its stake 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 purchasing an additional 14,189 shares in the last quarter. Hobbs Group Advisors LLC grew its stake 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 purchasing an additional 22,950 shares in the last quarter. L2 Asset Management LLC grew its stake in shares of SPDR SSGA My2027 Corporate Bond ETF by 6.4% during the fourth quarter. L2 Asset Management LLC now owns 63,603 shares of the company’s stock worth $1,593,000 after purchasing an additional 3,810 shares in the last quarter. Finally, Lido Advisors LLC increased its holdings in SPDR SSGA My2027 Corporate Bond ETF by 15.7% in the first quarter. Lido Advisors LLC now owns 127,552 shares of the company’s stock valued at $3,189,000 after buying an additional 17,278 shares during the last quarter.

SPDR SSGA My2027 Corporate Bond ETF Price Performance

Shares of SPDR SSGA My2027 Corporate Bond ETF stock opened at $24.87 on Thursday. SPDR SSGA My2027 Corporate Bond ETF has a one year low of $24.81 and a one year high of $25.14. The business has a 50-day simple moving average of $24.91 and a 200-day simple moving average of $24.94.

SPDR SSGA My2027 Corporate Bond ETF Announces Dividend

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