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

SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) was the target of 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. Based on an average daily volume of 1,753 shares, the short-interest ratio is presently 1.7 days. Approximately 0.2% of the company’s shares are sold short.

SPDR SSGA My2027 Corporate Bond ETF Price Performance

Shares of SPDR SSGA My2027 Corporate Bond ETF stock opened at $24.97 on Monday. SPDR SSGA My2027 Corporate Bond ETF has a 12 month low of $24.87 and a 12 month high of $25.14. The business has a fifty day simple moving average of $24.96 and a 200 day simple moving average of $25.01.

SPDR SSGA My2027 Corporate Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were paid a dividend of $0.0887 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%.

Institutional Investors Weigh In On SPDR SSGA My2027 Corporate Bond ETF

Institutional investors have recently made changes to their positions in the stock. Private Advisor Group LLC acquired a new stake in shares of SPDR SSGA My2027 Corporate Bond ETF during the third quarter worth $215,000. Oldfather Financial Services LLC acquired a new stake in shares of SPDR SSGA My2027 Corporate Bond ETF during the fourth quarter worth $250,000. Jane Street Group LLC acquired a new stake in shares of SPDR SSGA My2027 Corporate Bond ETF during the first quarter worth $426,000. Blossom Wealth Management acquired a new stake in shares of SPDR SSGA My2027 Corporate Bond ETF during the fourth quarter worth $468,000. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of SPDR SSGA My2027 Corporate Bond ETF during the fourth quarter worth $575,000.

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.