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

SPDR SSGA My2027 Municipal Bond ETF (NASDAQ:MYMG) saw a significant drop in short interest in January. As of January 15th, there was short interest totaling 130 shares, a drop of 98.3% from the December 31st total of 7,626 shares. Based on an average daily trading volume, of 1,089 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,089 shares, the days-to-cover ratio is presently 0.1 days.

SPDR SSGA My2027 Municipal Bond ETF Stock Performance

Shares of SPDR SSGA My2027 Municipal Bond ETF stock traded down $0.00 during trading on Wednesday, reaching $24.79. The company’s stock had a trading volume of 4,990 shares, compared to its average volume of 2,711. The stock has a 50-day moving average price of $24.71 and a two-hundred day moving average price of $24.70. SPDR SSGA My2027 Municipal Bond ETF has a one year low of $24.26 and a one year high of $24.97.

SPDR SSGA My2027 Municipal 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 given a dividend of $0.0597 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Thursday, December 18th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SPDR SSGA My2027 Municipal Bond ETF stock. Exchange Capital Management Inc. raised its stake in shares of SPDR SSGA My2027 Municipal Bond ETF (NASDAQ:MYMG) by 16.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,988 shares of the company’s stock after buying an additional 5,038 shares during the quarter. Exchange Capital Management Inc. owned about 17.49% of SPDR SSGA My2027 Municipal Bond ETF worth $861,000 at the end of the most recent reporting period.

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.