SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) Sees Significant Drop in Short Interest

SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) was the target of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 379 shares, a decrease of 97.3% from the January 15th total of 13,919 shares. Based on an average daily volume of 7,845 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 7,845 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On SPDR SSGA My2027 Corporate Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Lido Advisors LLC acquired a new position in shares of SPDR SSGA My2027 Corporate Bond ETF in the fourth quarter valued at approximately $2,761,000. Gradient Investments LLC lifted its position in shares of SPDR SSGA My2027 Corporate Bond ETF by 263.4% in the 4th quarter. Gradient Investments LLC now owns 120,534 shares of the company’s stock worth $3,018,000 after purchasing an additional 87,364 shares during the period. L2 Asset Management LLC acquired a new position in SPDR SSGA My2027 Corporate Bond ETF in the third quarter valued at $1,501,000. JPMorgan Chase & Co. acquired a new position in shares of SPDR SSGA My2027 Corporate Bond ETF in the 2nd quarter valued at about $916,000. Finally, Hobbs Group Advisors LLC bought a new position in shares of SPDR SSGA My2027 Corporate Bond ETF during the 4th quarter worth approximately $575,000.

SPDR SSGA My2027 Corporate Bond ETF Stock Performance

Shares of SPDR SSGA My2027 Corporate Bond ETF stock traded up $0.01 on Tuesday, reaching $25.08. 2,111 shares of the stock were exchanged, compared to its average volume of 6,282. SPDR SSGA My2027 Corporate Bond ETF has a one year low of $24.65 and a one year high of $27.31. The firm’s 50 day moving average is $25.05 and its 200-day moving average is $25.04.

SPDR SSGA My2027 Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.0883 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a yield of 4.2%.

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.