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

SPDR SSGA My2027 Municipal Bond ETF (NASDAQ:MYMG) was the target of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 1,125 shares, a drop of 28.7% from the February 12th total of 1,578 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 1,520 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 1,520 shares, the short-interest ratio is currently 0.7 days. Approximately 0.4% of the company’s shares are short sold.

SPDR SSGA My2027 Municipal Bond ETF Stock Performance

Shares of NASDAQ MYMG traded up $0.08 during trading hours on Monday, hitting $24.84. 927 shares of the company traded hands, compared to its average volume of 1,975. The company’s 50 day moving average price is $24.78 and its 200 day moving average price is $24.73. SPDR SSGA My2027 Municipal Bond ETF has a 12 month low of $24.26 and a 12 month high of $24.85.

SPDR SSGA My2027 Municipal Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a $0.0614 dividend. This is an increase from SPDR SSGA My2027 Municipal Bond ETF’s previous monthly dividend of $0.06. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, March 2nd.

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.