Short Interest in SPDR SSGA My2027 Municipal Bond ETF (NASDAQ:MYMG) Declines By 17.9%

SPDR SSGA My2027 Municipal Bond ETF (NASDAQ:MYMG) was the target of a large decrease in short interest in February. As of February 13th, there was short interest totaling 1,578 shares, a decrease of 17.9% from the January 29th total of 1,921 shares. Based on an average daily volume of 1,656 shares, the short-interest ratio is presently 1.0 days. Currently, 0.5% of the shares of the stock are short sold. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 1,656 shares, the short-interest ratio is presently 1.0 days.

SPDR SSGA My2027 Municipal Bond ETF Stock Performance

Shares of MYMG stock traded down $0.08 during mid-day trading on Tuesday, reaching $24.77. 42 shares of the stock traded hands, compared to its average volume of 2,305. The stock’s fifty day simple moving average is $24.76 and its two-hundred day simple moving average is $24.73. SPDR SSGA My2027 Municipal Bond ETF has a 1-year low of $24.26 and a 1-year high of $24.85.

SPDR SSGA My2027 Municipal Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd will be issued a dividend of $0.0614 per share. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Monday, March 2nd. This is a positive change from SPDR SSGA My2027 Municipal Bond ETF’s previous monthly dividend of $0.06.

About SPDR SSGA My2027 Municipal Bond ETF

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.