Short Interest in SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) Rises By 582.6%

SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) saw a significant increase in short interest in February. As of February 13th, there was short interest totaling 2,587 shares, an increase of 582.6% from the January 29th total of 379 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 3,468 shares, the short-interest ratio is currently 0.7 days. Based on an average trading volume of 3,468 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the company’s shares are short sold.

SPDR SSGA My2027 Corporate Bond ETF Stock Performance

Shares of NASDAQ MYCG remained flat at $25.11 during midday trading on Thursday. 7,382 shares of the stock were exchanged, compared to its average volume of 5,759. The stock’s 50 day moving average is $25.06 and its 200 day moving average is $25.05. SPDR SSGA My2027 Corporate Bond ETF has a 1 year low of $24.65 and a 1 year high of $27.31.

SPDR SSGA My2027 Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were given a $0.0883 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.2%.

Institutional Trading of SPDR SSGA My2027 Corporate Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Sanctuary Advisors LLC lifted its holdings in SPDR SSGA My2027 Corporate Bond ETF by 0.4% in the 4th quarter. Sanctuary Advisors LLC now owns 98,501 shares of the company’s stock valued at $2,467,000 after purchasing an additional 421 shares in the last quarter. Beacon Financial Group increased its stake in SPDR SSGA My2027 Corporate Bond ETF by 10.0% during the 3rd quarter. Beacon Financial Group now owns 8,798 shares of the company’s stock worth $221,000 after buying an additional 798 shares during the period. L2 Asset Management LLC raised its position in shares of SPDR SSGA My2027 Corporate Bond ETF by 6.4% during the 4th 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. Private Advisor Group LLC bought a new stake in SPDR SSGA My2027 Corporate Bond ETF in the third quarter valued at $215,000. Finally, Oldfather Financial Services LLC acquired a new stake in SPDR SSGA My2027 Corporate Bond ETF in the 4th quarter valued at approximately $250,000.

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.