SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) Sees Large Decrease in Short Interest

SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 3,806 shares, a drop of 75.4% from the June 30th total of 15,478 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 2,942 shares, the days-to-cover ratio is presently 1.3 days.

SPDR SSGA My2027 Corporate Bond ETF Stock Performance

MYCG stock traded up $0.01 during midday trading on Friday, hitting $24.95. 1,641 shares of the company’s stock were exchanged, compared to its average volume of 5,290. SPDR SSGA My2027 Corporate Bond ETF has a one year low of $24.90 and a one year high of $25.14. The stock’s fifty day moving average price is $24.95 and its 200-day moving average price is $24.99.

SPDR SSGA My2027 Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.0893 per share. 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 dividend yield of 4.3%.

Institutional Trading of SPDR SSGA My2027 Corporate Bond ETF

Large investors have recently bought and sold shares of the business. Lido Advisors LLC acquired a new stake in shares of SPDR SSGA My2027 Corporate Bond ETF in the 4th quarter valued at about $2,761,000. Hobbs Group Advisors LLC bought a new stake in SPDR SSGA My2027 Corporate Bond ETF during the 4th quarter worth about $575,000. Private Advisor Group LLC lifted its position in 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 buying an additional 2,730 shares in the last quarter. L2 Asset Management LLC boosted its stake in shares of SPDR SSGA My2027 Corporate Bond ETF by 6.4% during the 4th quarter. L2 Asset Management LLC now owns 63,603 shares of the company’s stock worth $1,593,000 after buying an additional 3,810 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of SPDR SSGA My2027 Corporate Bond ETF by 102.4% during the 2nd quarter. Jane Street Group LLC now owns 34,575 shares of the company’s stock worth $865,000 after buying an additional 17,489 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.