SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) Sees Large Decline in Short Interest

SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) was the recipient of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 379 shares, a decrease of 97.3% from the January 15th total of 13,919 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 7,845 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 7,845 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

SPDR SSGA My2027 Corporate Bond ETF Stock Performance

Shares of MYCG traded down $0.01 during midday trading on Wednesday, hitting $25.07. 2,633 shares of the stock traded hands, compared to its average volume of 6,151. The business’s 50 day moving average price is $25.05 and its two-hundred day moving average price is $25.04. 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 firm 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. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date was Monday, February 2nd.

Institutional Investors Weigh In On SPDR SSGA My2027 Corporate Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sanctuary Advisors LLC raised its holdings in SPDR SSGA My2027 Corporate Bond ETF by 0.4% during the fourth quarter. Sanctuary Advisors LLC now owns 98,501 shares of the company’s stock worth $2,467,000 after purchasing an additional 421 shares in the last quarter. Beacon Financial Group lifted its holdings in shares of 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 buying an additional 798 shares during the period. Private Advisor Group LLC bought a new position in SPDR SSGA My2027 Corporate Bond ETF during the third quarter valued at about $215,000. Oldfather Financial Services LLC acquired a new position in SPDR SSGA My2027 Corporate Bond ETF during the fourth quarter worth about $250,000. Finally, Fourth Dimension Wealth LLC bought a new stake in SPDR SSGA My2027 Corporate Bond ETF in the third quarter worth about $281,000.

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.