SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) Short Interest Down 47.4% in April

SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) was the target of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 768 shares, a decrease of 47.4% from the April 15th total of 1,460 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 1,644 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Lido Advisors LLC grew its stake in shares of SPDR SSGA My2027 Corporate Bond ETF by 15.7% during 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. Private Advisor Group LLC grew 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 buying an additional 2,730 shares during 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 valued at $1,593,000 after buying an additional 3,810 shares during the last quarter. LPL Financial LLC grew its stake in shares of SPDR SSGA My2027 Corporate Bond ETF by 11.7% during the fourth quarter. LPL Financial LLC now owns 230,565 shares of the company’s stock valued at $5,774,000 after buying an additional 24,240 shares during the last quarter. Finally, Fourth Dimension Wealth LLC grew its stake in shares of SPDR SSGA My2027 Corporate Bond ETF by 155.6% during the fourth quarter. Fourth Dimension Wealth LLC now owns 28,609 shares of the company’s stock valued at $716,000 after buying an additional 17,414 shares during the last quarter.

SPDR SSGA My2027 Corporate Bond ETF Stock Up 0.0%

MYCG traded up $0.01 during trading on Monday, reaching $24.95. The stock had a trading volume of 3,296 shares, compared to its average volume of 4,550. SPDR SSGA My2027 Corporate Bond ETF has a one year low of $24.83 and a one year high of $25.14. The business has a 50-day moving average of $24.97 and a 200-day moving average of $25.02.

SPDR SSGA My2027 Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, May 1st were paid a $0.0888 dividend. This is a boost from SPDR SSGA My2027 Corporate Bond ETF’s previous monthly dividend of $0.09. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Friday, May 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.