SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) Short Interest Down 46.0% in December

SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 2,748 shares, a decline of 46.0% from the November 30th total of 5,086 shares. Based on an average trading volume of 10,208 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the shares of the stock are short sold. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 10,208 shares, the short-interest ratio is presently 0.3 days.

SPDR SSGA My2027 Corporate Bond ETF Price Performance

MYCG remained flat at $25.03 during trading on Monday. The company had a trading volume of 5,089 shares, compared to its average volume of 6,614. The firm’s 50 day moving average is $25.05 and its 200-day moving average is $25.01. SPDR SSGA My2027 Corporate Bond ETF has a 1-year low of $24.64 and a 1-year high of $27.31.

SPDR SSGA My2027 Corporate Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Thursday, December 18th were paid a $0.0886 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Thursday, December 18th.

Institutional Trading of SPDR SSGA My2027 Corporate Bond ETF

Several large investors have recently modified their holdings of the business. L2 Asset Management LLC bought a new position in SPDR SSGA My2027 Corporate Bond ETF in the 3rd quarter worth $1,501,000. Private Advisor Group LLC bought a new stake in SPDR SSGA My2027 Corporate Bond ETF in the third quarter worth $215,000. Fourth Dimension Wealth LLC bought a new stake in SPDR SSGA My2027 Corporate Bond ETF during the 3rd quarter valued at about $281,000. Beacon Financial Group increased its position in shares of SPDR SSGA My2027 Corporate Bond ETF by 10.0% during the third quarter. Beacon Financial Group now owns 8,798 shares of the company’s stock valued at $221,000 after acquiring an additional 798 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of SPDR SSGA My2027 Corporate Bond ETF by 102.4% in the 2nd quarter. Jane Street Group LLC now owns 34,575 shares of the company’s stock worth $865,000 after purchasing an additional 17,489 shares in the last quarter.

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.