SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) Sees Significant Growth in Short Interest

SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCGGet Free Report) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 2,906 shares, a growth of 118.8% from the May 14th total of 1,328 shares. Based on an average daily volume of 1,753 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.2% of the company’s stock are short sold.

Institutional Investors Weigh In On SPDR SSGA My2027 Corporate Bond ETF

Large investors have recently made changes to their positions in the stock. Private Advisor Group LLC purchased a new stake in shares of SPDR SSGA My2027 Corporate Bond ETF during the third quarter valued at $215,000. Oldfather Financial Services LLC purchased a new stake in shares of SPDR SSGA My2027 Corporate Bond ETF during the fourth quarter valued at $250,000. Jane Street Group LLC purchased a new stake in shares of SPDR SSGA My2027 Corporate Bond ETF during the first quarter valued at $426,000. Blossom Wealth Management purchased a new stake in shares of SPDR SSGA My2027 Corporate Bond ETF during the fourth quarter valued at $468,000. Finally, Hobbs Group Advisors LLC purchased a new stake in shares of SPDR SSGA My2027 Corporate Bond ETF during the fourth quarter valued at $575,000.

SPDR SSGA My2027 Corporate Bond ETF Stock Up 0.1%

NASDAQ MYCG opened at $24.97 on Friday. The firm’s fifty day simple moving average is $24.96 and its two-hundred day simple moving average is $25.01. SPDR SSGA My2027 Corporate Bond ETF has a 12-month low of $24.87 and a 12-month high of $25.14.

SPDR SSGA My2027 Corporate Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were issued a dividend of $0.0887 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%.

About SPDR SSGA My2027 Corporate Bond ETF

(Get Free Report)

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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