SPDR SSGA My2027 Municipal Bond ETF (NASDAQ:MYMG) Short Interest Update

SPDR SSGA My2027 Municipal Bond ETF (NASDAQ:MYMG) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 200 shares, a growth of 63.9% from the August 31st total of 122 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 1,738 shares, the short-interest ratio is presently 0.1 days.

SPDR SSGA My2027 Municipal Bond ETF Price Performance

NASDAQ MYMG remained flat at $24.52 during trading on Wednesday. 6 shares of the company’s stock traded hands, compared to its average volume of 1,422. SPDR SSGA My2027 Municipal Bond ETF has a twelve month low of $24.52 and a twelve month high of $24.85. The firm’s 50 day moving average price is $24.65 and its 200 day moving average price is $24.68.

SPDR SSGA My2027 Municipal Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were issued a $0.0472 dividend. The ex-dividend date was Tuesday, September 1st. This is a negative change from SPDR SSGA My2027 Municipal Bond ETF’s previous monthly dividend of $0.0566. This represents a $0.57 annualized dividend and a dividend yield of 2.3%.

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.