SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) Sees Large Increase in Short Interest

SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) saw a significant increase in short interest in January. As of January 15th, there was short interest totaling 13,919 shares, an increase of 303.1% from the December 31st total of 3,453 shares. Currently, 1.3% of the company’s stock are short sold. Based on an average daily volume of 6,787 shares, the short-interest ratio is presently 2.1 days. Based on an average daily volume of 6,787 shares, the short-interest ratio is presently 2.1 days. Currently, 1.3% of the company’s stock are short sold.

SPDR SSGA My2027 Corporate Bond ETF Stock Up 0.0%

Shares of NASDAQ:MYCG traded up $0.01 during mid-day trading on Wednesday, reaching $25.10. 333 shares of the stock were exchanged, compared to its average volume of 8,137. The stock’s 50 day simple moving average is $25.05 and its 200-day simple moving average is $25.04. SPDR SSGA My2027 Corporate Bond ETF has a one year low of $24.65 and a one year high of $27.31.

SPDR SSGA My2027 Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Thursday, December 18th were issued a $0.0886 dividend. The ex-dividend date was Thursday, December 18th. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Blossom Wealth Management acquired a new stake in SPDR SSGA My2027 Corporate Bond ETF in the 4th quarter valued at $468,000. Oldfather Financial Services LLC acquired a new stake in shares of SPDR SSGA My2027 Corporate Bond ETF in the fourth quarter valued at about $250,000. Gradient Investments LLC raised its holdings in SPDR SSGA My2027 Corporate Bond ETF by 263.4% during the fourth quarter. Gradient Investments LLC now owns 120,534 shares of the company’s stock worth $3,018,000 after acquiring an additional 87,364 shares in the last quarter. L2 Asset Management LLC acquired a new position in SPDR SSGA My2027 Corporate Bond ETF during the third quarter valued at approximately $1,501,000. Finally, Private Advisor Group LLC acquired a new position in SPDR SSGA My2027 Corporate Bond ETF during the third quarter valued at approximately $215,000.

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.