Short Interest in SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) Increases By 229.6%

SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 15,478 shares, an increase of 229.6% from the June 15th total of 4,696 shares. Based on an average daily volume of 16,057 shares, the days-to-cover ratio is presently 1.0 days. Currently, 1.1% of the shares of the company are sold short.

SPDR SSGA My2027 Corporate Bond ETF Price Performance

SPDR SSGA My2027 Corporate Bond ETF stock opened at $24.92 on Wednesday. The business has a 50 day moving average price of $24.95 and a two-hundred day moving average price of $25.00. SPDR SSGA My2027 Corporate Bond ETF has a 12 month low of $24.90 and a 12 month high of $25.14.

SPDR SSGA My2027 Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were paid a $0.0893 dividend. The ex-dividend date was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. This is a positive change from SPDR SSGA My2027 Corporate Bond ETF’s previous monthly dividend of $0.09.

Institutional Trading of SPDR SSGA My2027 Corporate Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Private Advisor Group LLC bought a new position in SPDR SSGA My2027 Corporate Bond ETF during the third quarter worth about $215,000. Oldfather Financial Services LLC bought a new stake in shares of SPDR SSGA My2027 Corporate Bond ETF in the 4th quarter valued at approximately $250,000. Jane Street Group LLC acquired a new position in shares of SPDR SSGA My2027 Corporate Bond ETF in the 1st quarter worth approximately $426,000. Blossom Wealth Management acquired a new position in shares of SPDR SSGA My2027 Corporate Bond ETF in the 4th quarter worth approximately $468,000. Finally, Hobbs Group Advisors LLC acquired a new position in shares of SPDR SSGA My2027 Corporate Bond ETF in the 4th quarter worth approximately $575,000.

SPDR SSGA My2027 Corporate Bond ETF Company Profile

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.