SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) Short Interest Up 303.1% in January

SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 13,919 shares, a growth of 303.1% from the December 31st total of 3,453 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average daily volume of 6,787 shares, the short-interest ratio is currently 2.1 days. Based on an average daily volume of 6,787 shares, the short-interest ratio is currently 2.1 days. Approximately 1.3% of the shares of the company are sold short.

SPDR SSGA My2027 Corporate Bond ETF Stock Up 0.0%

Shares of SPDR SSGA My2027 Corporate Bond ETF stock traded up $0.01 during trading on Thursday, reaching $25.11. The company’s stock had a trading volume of 616 shares, compared to its average volume of 7,448. The business has a 50 day moving average price of $25.05 and a 200-day moving average price of $25.04. SPDR SSGA My2027 Corporate Bond ETF has a 12-month low of $24.65 and a 12-month high of $27.31.

SPDR SSGA My2027 Corporate Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Thursday, December 18th were paid a dividend of $0.0886 per share. The ex-dividend date of this dividend was Thursday, December 18th. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%.

Institutional Investors Weigh In On SPDR SSGA My2027 Corporate Bond ETF

Several institutional investors have recently modified their holdings of the company. Private Advisor Group LLC purchased a new position in SPDR SSGA My2027 Corporate Bond ETF in the 3rd quarter valued at approximately $215,000. Beacon Financial Group grew its holdings in SPDR SSGA My2027 Corporate Bond ETF by 10.0% in the third quarter. Beacon Financial Group now owns 8,798 shares of the company’s stock valued at $221,000 after purchasing an additional 798 shares during the last quarter. Oldfather Financial Services LLC purchased a new position in shares of SPDR SSGA My2027 Corporate Bond ETF in the fourth quarter valued at $250,000. Fourth Dimension Wealth LLC purchased a new position in shares of SPDR SSGA My2027 Corporate Bond ETF in the third quarter valued at $281,000. Finally, Jane Street Group LLC acquired a new position in shares of SPDR SSGA My2027 Corporate Bond ETF during the 1st quarter worth $426,000.

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.