SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) Short Interest Down 91.9% in April

SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totaling 1,460 shares, a decrease of 91.9% from the March 31st total of 18,024 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 4,345 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Gradient Investments LLC grew its stake in shares of SPDR SSGA My2027 Corporate Bond ETF by 263.4% in the fourth quarter. Gradient Investments LLC now owns 120,534 shares of the company’s stock worth $3,018,000 after purchasing an additional 87,364 shares in the last quarter. L2 Asset Management LLC bought a new position in shares of SPDR SSGA My2027 Corporate Bond ETF in the third quarter worth $1,501,000. Hobbs Group Advisors LLC bought a new position in shares of SPDR SSGA My2027 Corporate Bond ETF in the fourth quarter worth $575,000. LPL Financial LLC grew its stake 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 worth $5,774,000 after purchasing an additional 24,240 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of SPDR SSGA My2027 Corporate Bond ETF in the first quarter worth $426,000.

SPDR SSGA My2027 Corporate Bond ETF Trading Up 0.0%

Shares of NASDAQ:MYCG traded up $0.01 on Friday, hitting $25.01. The company’s stock had a trading volume of 2,562 shares, compared to its average volume of 4,971. SPDR SSGA My2027 Corporate Bond ETF has a 12 month low of $24.81 and a 12 month high of $25.14. The stock’s 50-day moving average is $25.00 and its two-hundred day moving average is $25.04.

SPDR SSGA My2027 Corporate Bond ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, April 6th. Stockholders of record on Wednesday, April 1st were paid a $0.0883 dividend. The ex-dividend date of this dividend was Wednesday, April 1st.

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.