Short Interest in SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) Increases By 326.9%

SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 14,667 shares, an increase of 326.9% from the August 15th total of 3,436 shares. Based on an average daily trading volume, of 24,345 shares, the days-to-cover ratio is currently 0.6 days. Approximately 1.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Private Advisor Group LLC lifted its holdings in SPDR SSGA My2027 Corporate Bond ETF by 23.8% in the first quarter. Private Advisor Group LLC now owns 14,205 shares of the company’s stock valued at $355,000 after buying an additional 2,730 shares during the period. L2 Asset Management LLC increased its holdings in shares of SPDR SSGA My2027 Corporate Bond ETF by 6.4% during the fourth quarter. L2 Asset Management LLC now owns 63,603 shares of the company’s stock valued at $1,593,000 after acquiring an additional 3,810 shares in the last quarter. Citadel Advisors LLC increased its stake in SPDR SSGA My2027 Corporate Bond ETF by 101.9% during the 2nd quarter. Citadel Advisors LLC now owns 28,110 shares of the company’s stock valued at $702,000 after purchasing an additional 14,189 shares in the last quarter. Jane Street Group LLC bought a new position in SPDR SSGA My2027 Corporate Bond ETF in the 1st quarter valued at about $426,000. Finally, Lido Advisors LLC boosted its stake in SPDR SSGA My2027 Corporate Bond ETF by 15.7% during the 1st quarter. Lido Advisors LLC now owns 127,552 shares of the company’s stock valued at $3,189,000 after purchasing an additional 17,278 shares during the last quarter.

SPDR SSGA My2027 Corporate Bond ETF Stock Performance

Shares of MYCG remained flat at $24.90 during mid-day trading on Friday. 2,731 shares of the stock were exchanged, compared to its average volume of 6,861. SPDR SSGA My2027 Corporate Bond ETF has a one year low of $24.84 and a one year high of $25.14. The business’s fifty day moving average price is $24.94 and its 200 day moving average price is $24.96.

SPDR SSGA My2027 Corporate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were issued a dividend of $0.0887 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 4.3%.

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.