SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG – Get Free Report) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 3,806 shares, a drop of 75.4% from the June 30th total of 15,478 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 2,942 shares, the short-interest ratio is presently 1.3 days.
SPDR SSGA My2027 Corporate Bond ETF Stock Down 0.0%
MYCG traded down $0.01 during midday trading on Monday, hitting $24.94. 24,329 shares of the company were exchanged, compared to its average volume of 5,425. The firm’s 50 day moving average price is $24.95 and its 200-day moving average price is $24.99. SPDR SSGA My2027 Corporate Bond ETF has a 1-year low of $24.90 and a 1-year high of $25.14.
SPDR SSGA My2027 Corporate Bond ETF Increases Dividend
The business also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.0893 per share. 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. The ex-dividend date was Wednesday, July 1st.
Institutional Trading of SPDR SSGA My2027 Corporate Bond ETF
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.
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