SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) Sees Significant Growth in Short Interest

SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 2,906 shares, an increase of 118.8% from the May 14th total of 1,328 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 1,753 shares, the days-to-cover ratio is presently 1.7 days.

SPDR SSGA My2027 Corporate Bond ETF Price Performance

Shares of MYCG stock opened at $24.97 on Friday. The company’s 50 day moving average is $24.96 and its 200 day moving average is $25.01. SPDR SSGA My2027 Corporate Bond ETF has a 52-week low of $24.87 and a 52-week high of $25.14.

SPDR SSGA My2027 Corporate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were issued a $0.0887 dividend. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Monday, June 1st.

Hedge Funds Weigh In On SPDR SSGA My2027 Corporate Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. LPL Financial LLC grew its holdings in SPDR SSGA My2027 Corporate Bond ETF by 11.7% in the fourth quarter. LPL Financial LLC now owns 230,565 shares of the company’s stock worth $5,774,000 after purchasing an additional 24,240 shares during the last quarter. Lido Advisors LLC grew 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 worth $3,189,000 after purchasing an additional 17,278 shares during the last quarter. Gradient Investments LLC grew its holdings in SPDR SSGA My2027 Corporate Bond ETF by 263.4% in the fourth quarter. Gradient Investments LLC now owns 120,534 shares of the company’s stock worth $3,018,000 after purchasing an additional 87,364 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in SPDR SSGA My2027 Corporate Bond ETF by 0.4% in the fourth quarter. Sanctuary Advisors LLC now owns 98,501 shares of the company’s stock worth $2,467,000 after purchasing an additional 421 shares during the last quarter. Finally, L2 Asset Management LLC grew 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 worth $1,593,000 after purchasing an additional 3,810 shares during the last quarter.

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.