SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) Short Interest Down 75.4% in July

SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 3,806 shares, a drop of 75.4% from the June 30th total of 15,478 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 2,942 shares, the short-interest ratio is presently 1.3 days.

Institutional Trading of SPDR SSGA My2027 Corporate Bond ETF

A number of hedge funds have recently modified their holdings of MYCG. Private Advisor Group LLC acquired a new position in SPDR SSGA My2027 Corporate Bond ETF during the third quarter valued at approximately $215,000. Oldfather Financial Services LLC acquired a new stake in SPDR SSGA My2027 Corporate Bond ETF in the fourth quarter worth $250,000. Jane Street Group LLC bought a new position in shares of SPDR SSGA My2027 Corporate Bond ETF during the first quarter worth $426,000. Blossom Wealth Management bought a new position in shares of SPDR SSGA My2027 Corporate Bond ETF during the fourth quarter worth $468,000. Finally, Hobbs Group Advisors LLC bought a new position in shares of SPDR SSGA My2027 Corporate Bond ETF during the fourth quarter worth $575,000.

SPDR SSGA My2027 Corporate Bond ETF Trading Up 0.0%

Shares of MYCG traded up $0.01 on Friday, reaching $24.95. 1,641 shares of the company’s stock were exchanged, compared to its average volume of 5,290. The business has a 50 day moving average price of $24.95 and a two-hundred day moving average price of $24.99. SPDR SSGA My2027 Corporate Bond ETF has a 12 month low of $24.90 and a 12 month high of $25.14.

SPDR SSGA My2027 Corporate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were paid a dividend of $0.0893 per share. This represents a c) dividend on an annualized basis and a dividend 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 Wednesday, July 1st.

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.