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

SPDR SSGA My2027 Municipal Bond ETF (NASDAQ:MYMG) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 1,672 shares. Based on an average daily trading volume, of 287 shares, the days-to-cover ratio is presently 5.8 days. Approximately 0.5% of the company’s shares are short sold.

SPDR SSGA My2027 Municipal Bond ETF Stock Up 0.1%

MYMG traded up $0.02 during mid-day trading on Friday, reaching $24.75. The stock had a trading volume of 12 shares, compared to its average volume of 1,298. The firm’s fifty day simple moving average is $24.65 and its two-hundred day simple moving average is $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 company also recently declared a dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were paid a dividend of $0.0558 per share. This is a boost from SPDR SSGA My2027 Municipal Bond ETF’s previous dividend of $0.0553. The ex-dividend date of this dividend was Thursday, October 1st.

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.