SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) Sees Significant Increase in Short Interest

SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) saw a significant growth in short interest in February. As of February 27th, there was short interest totaling 5,395 shares, a growth of 108.5% from the February 12th total of 2,587 shares. Based on an average trading volume of 3,924 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.5% of the company’s shares are short sold. Approximately 0.5% of the company’s shares are short sold. Based on an average trading volume of 3,924 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Investors Weigh In On SPDR SSGA My2027 Corporate Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Lido Advisors LLC acquired a new position in shares of SPDR SSGA My2027 Corporate Bond ETF during the 4th quarter worth about $2,761,000. Gradient Investments LLC boosted its stake in shares of SPDR SSGA My2027 Corporate Bond ETF by 263.4% during the 4th quarter. Gradient Investments LLC now owns 120,534 shares of the company’s stock worth $3,018,000 after acquiring an additional 87,364 shares during the period. L2 Asset Management LLC acquired a new position in shares of SPDR SSGA My2027 Corporate Bond ETF during the 3rd quarter worth approximately $1,501,000. JPMorgan Chase & Co. acquired a new stake in SPDR SSGA My2027 Corporate Bond ETF during the 2nd quarter valued at $916,000. Finally, LPL Financial LLC increased its holdings in shares of SPDR SSGA My2027 Corporate Bond ETF by 11.7% in the fourth quarter. LPL Financial LLC now owns 230,565 shares of the company’s stock valued at $5,774,000 after purchasing an additional 24,240 shares during the last quarter.

SPDR SSGA My2027 Corporate Bond ETF Price Performance

NASDAQ MYCG traded down $0.02 during trading hours on Thursday, reaching $24.97. 188 shares of the company’s stock were exchanged, compared to its average volume of 5,579. SPDR SSGA My2027 Corporate Bond ETF has a one year low of $24.65 and a one year high of $27.31. The company’s 50-day moving average is $25.07 and its two-hundred day moving average is $25.06.

SPDR SSGA My2027 Corporate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a dividend of $0.0882 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 4.2%.

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.