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

SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,328 shares, an increase of 72.9% from the April 30th total of 768 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 2,803 shares, the short-interest ratio is presently 0.5 days.

SPDR SSGA My2027 Corporate Bond ETF Trading Up 0.0%

Shares of NASDAQ:MYCG opened at $24.93 on Thursday. SPDR SSGA My2027 Corporate Bond ETF has a one year low of $24.83 and a one year high of $25.14. The business’s 50-day simple moving average is $24.97 and its 200 day simple moving average is $25.02.

SPDR SSGA My2027 Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.0887 per share. The ex-dividend date is Monday, June 1st. This represents a c) annualized dividend and a yield of 4.3%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Sanctuary Advisors LLC boosted its position in SPDR SSGA My2027 Corporate Bond ETF by 0.4% during the 4th quarter. Sanctuary Advisors LLC now owns 98,501 shares of the company’s stock worth $2,467,000 after acquiring an additional 421 shares during the period. Private Advisor Group LLC boosted its position in SPDR SSGA My2027 Corporate Bond ETF by 23.8% during the 1st quarter. Private Advisor Group LLC now owns 14,205 shares of the company’s stock worth $355,000 after acquiring an additional 2,730 shares during the period. L2 Asset Management LLC boosted its position in SPDR SSGA My2027 Corporate Bond ETF by 6.4% during the 4th quarter. L2 Asset Management LLC now owns 63,603 shares of the company’s stock worth $1,593,000 after acquiring an additional 3,810 shares during the period. Oldfather Financial Services LLC acquired a new position in SPDR SSGA My2027 Corporate Bond ETF during the 4th quarter worth $250,000. Finally, Jane Street Group LLC acquired a new position in SPDR SSGA My2027 Corporate Bond ETF during the 1st quarter worth $426,000.

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.