SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) Short Interest Update

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

SPDR SSGA My2027 Corporate Bond ETF Price Performance

MYCG traded down $0.01 during trading on Friday, hitting $24.94. 1,019 shares of the company’s stock were exchanged, compared to its average volume of 4,564. SPDR SSGA My2027 Corporate Bond ETF has a 1 year low of $24.83 and a 1 year high of $25.14. The stock has a 50 day moving average price of $24.97 and a 200 day moving average price of $25.02.

SPDR SSGA My2027 Corporate Bond ETF Increases Dividend

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

Institutional Investors Weigh In On SPDR SSGA My2027 Corporate Bond ETF

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

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.