SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) Short Interest Down 47.4% in April

SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 768 shares, a decrease of 47.4% from the April 15th total of 1,460 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 1,644 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of SPDR SSGA My2027 Corporate Bond ETF

Hedge funds have recently added to or reduced their stakes in the business. L2 Asset Management LLC purchased a new stake in SPDR SSGA My2027 Corporate Bond ETF in the third quarter worth about $1,501,000. Gradient Investments LLC lifted its stake in SPDR SSGA My2027 Corporate Bond ETF by 263.4% in the fourth quarter. Gradient Investments LLC now owns 120,534 shares of the company’s stock worth $3,018,000 after acquiring an additional 87,364 shares during the period. Hobbs Group Advisors LLC purchased a new stake in SPDR SSGA My2027 Corporate Bond ETF in the fourth quarter worth about $575,000. Lido Advisors LLC purchased a new stake in SPDR SSGA My2027 Corporate Bond ETF in the fourth quarter worth about $2,761,000. Finally, Jane Street Group LLC lifted its stake in SPDR SSGA My2027 Corporate Bond ETF by 102.4% in the second quarter. Jane Street Group LLC now owns 34,575 shares of the company’s stock worth $865,000 after acquiring an additional 17,489 shares during the period.

SPDR SSGA My2027 Corporate Bond ETF Trading Down 0.0%

Shares of NASDAQ MYCG traded down $0.01 during mid-day trading on Friday, reaching $24.94. The company had a trading volume of 1,019 shares, compared to its average volume of 4,564. The business’s 50-day moving average is $24.97 and its 200-day moving average is $25.02. SPDR SSGA My2027 Corporate Bond ETF has a 52 week low of $24.83 and a 52 week high of $25.14.

SPDR SSGA My2027 Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, May 1st were paid a $0.0888 dividend. This represents a c) dividend on an annualized basis and a yield of 4.3%. This is a boost from SPDR SSGA My2027 Corporate Bond ETF’s previous monthly dividend of $0.09. The ex-dividend date of this dividend was Friday, May 1st.

SPDR SSGA My2027 Corporate Bond ETF Company Profile

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.