SPDR SSGA My2027 Municipal Bond ETF (NASDAQ:MYMG) Sees Significant Growth in Short Interest

SPDR SSGA My2027 Municipal Bond ETF (NASDAQ:MYMG) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 1,672 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 287 shares, the days-to-cover ratio is currently 5.8 days.

SPDR SSGA My2027 Municipal Bond ETF Stock Performance

Shares of NASDAQ MYMG opened at $24.75 on Monday. The firm has a 50 day moving average price of $24.65 and a two-hundred day moving average price of $24.69. SPDR SSGA My2027 Municipal Bond ETF has a 52-week low of $24.52 and a 52-week high of $24.85.

SPDR SSGA My2027 Municipal Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were issued a dividend of $0.0558 per share. The ex-dividend date was Thursday, October 1st. This is a positive change from SPDR SSGA My2027 Municipal Bond ETF’s previous dividend of $0.0553.

About SPDR SSGA My2027 Municipal Bond ETF

The SPDR SSgA My2027 Municipal Bond ETF (MYMG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of investment grade municipal bonds with effective maturities in 2027. Bonds are USD-denominated. MYMG was launched on Sep 23, 2024 and is issued by State Street.