SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG – Get Free Report) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 5,039 shares, a decrease of 37.8% from the September 30th total of 8,100 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 12,722 shares, the days-to-cover ratio is presently 0.4 days.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. Woodmont Investment Counsel LLC acquired a new stake in shares of SPDR SSGA My2027 Corporate Bond ETF during the third quarter worth approximately $1,367,000. Paladin Wealth LLC acquired a new stake in SPDR SSGA My2027 Corporate Bond ETF in the third quarter valued at $261,000. Gradient Investments LLC acquired a new stake in SPDR SSGA My2027 Corporate Bond ETF in the third quarter valued at $4,544,000. Citadel Advisors LLC boosted its stake in SPDR SSGA My2027 Corporate Bond ETF by 101.9% during the 2nd quarter. Citadel Advisors LLC now owns 28,110 shares of the company’s stock valued at $702,000 after acquiring an additional 14,189 shares during the last quarter. Finally, Hobbs Group Advisors LLC grew its holdings in SPDR SSGA My2027 Corporate Bond ETF by 100.0% during the 1st quarter. Hobbs Group Advisors LLC now owns 45,904 shares of the company’s stock worth $1,148,000 after acquiring an additional 22,950 shares in the last quarter.
SPDR SSGA My2027 Corporate Bond ETF Stock Performance
SPDR SSGA My2027 Corporate Bond ETF stock traded down $0.09 during midday trading on Monday, hitting $24.85. 7,755 shares of the stock were exchanged, compared to its average volume of 7,416. SPDR SSGA My2027 Corporate Bond ETF has a 1 year low of $24.81 and a 1 year high of $25.14. The company has a 50 day moving average price of $24.91 and a two-hundred day moving average price of $24.97.
SPDR SSGA My2027 Corporate Bond ETF Announces Dividend
The firm also recently announced a dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were given a dividend of $0.0912 per share. The ex-dividend date of this dividend was Thursday, October 1st.
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.
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