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

SPDR SSGA My2027 Municipal Bond ETF (NASDAQ:MYMG) saw a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 1,921 shares, an increase of 1,377.7% from the January 15th total of 130 shares. Based on an average daily volume of 4,070 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.6% of the company’s shares are short sold. Currently, 0.6% of the company’s shares are short sold. Based on an average daily volume of 4,070 shares, the days-to-cover ratio is currently 0.5 days.

SPDR SSGA My2027 Municipal Bond ETF Price Performance

Shares of NASDAQ MYMG opened at $24.80 on Wednesday. The firm has a fifty day simple moving average of $24.73 and a 200 day simple moving average of $24.71. SPDR SSGA My2027 Municipal Bond ETF has a twelve month low of $24.26 and a twelve month high of $24.97.

SPDR SSGA My2027 Municipal Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a dividend of $0.0559 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 2.7%.

SPDR SSGA My2027 Municipal Bond ETF Company Profile

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.