Short Interest in SPDR SSGA My2027 Municipal Bond ETF (NASDAQ:MYMG) Declines By 54.9%

SPDR SSGA My2027 Municipal Bond ETF (NASDAQ:MYMG) was the recipient of a large drop in short interest during the month of April. As of April 15th, there was short interest totaling 280 shares, a drop of 54.9% from the March 31st total of 621 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 864 shares, the days-to-cover ratio is presently 0.3 days.

SPDR SSGA My2027 Municipal Bond ETF Price Performance

NASDAQ MYMG traded up $0.01 on Monday, hitting $24.68. The stock had a trading volume of 100 shares, compared to its average volume of 2,452. The company’s 50-day moving average is $24.74 and its two-hundred day moving average is $24.73. SPDR SSGA My2027 Municipal Bond ETF has a one year low of $24.41 and a one year high of $24.85.

SPDR SSGA My2027 Municipal Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, April 6th. Investors of record on Wednesday, April 1st were issued a $0.0556 dividend. This represents a c) dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Wednesday, April 1st.

SPDR SSGA My2027 Municipal Bond ETF Company Profile

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.