SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) Short Interest Update

SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 14,667 shares, an increase of 326.9% from the August 15th total of 3,436 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average daily trading volume, of 24,345 shares, the short-interest ratio is presently 0.6 days.

SPDR SSGA My2027 Corporate Bond ETF Stock Performance

Shares of NASDAQ MYCG opened at $24.90 on Friday. SPDR SSGA My2027 Corporate Bond ETF has a twelve month low of $24.84 and a twelve month high of $25.14. The stock has a 50 day moving average of $24.94 and a two-hundred day moving average of $24.96.

SPDR SSGA My2027 Corporate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were paid a dividend of $0.0887 per share. The ex-dividend date was Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 4.3%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of MYCG. Lido Advisors LLC acquired a new stake in SPDR SSGA My2027 Corporate Bond ETF during the 4th quarter worth approximately $2,761,000. JPMorgan Chase & Co. acquired a new position in shares of SPDR SSGA My2027 Corporate Bond ETF in the second quarter valued at approximately $916,000. 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 period. Hobbs Group Advisors LLC raised its stake in shares of SPDR SSGA My2027 Corporate Bond ETF by 100.0% during the first quarter. Hobbs Group Advisors LLC now owns 45,904 shares of the company’s stock worth $1,148,000 after purchasing an additional 22,950 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in shares of SPDR SSGA My2027 Corporate Bond ETF by 102.4% during the second quarter. Jane Street Group LLC now owns 34,575 shares of the company’s stock worth $865,000 after purchasing an additional 17,489 shares during the last quarter.

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.