SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) Short Interest Up 229.6% in June

SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 15,478 shares, a growth of 229.6% from the June 15th total of 4,696 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average trading volume of 16,057 shares, the short-interest ratio is currently 1.0 days.

SPDR SSGA My2027 Corporate Bond ETF Price Performance

SPDR SSGA My2027 Corporate Bond ETF stock opened at $24.93 on Monday. The company’s 50 day simple moving average is $24.95 and its 200 day simple moving average is $25.00. SPDR SSGA My2027 Corporate Bond ETF has a fifty-two week low of $24.90 and a fifty-two week high of $25.14.

SPDR SSGA My2027 Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were issued a $0.0893 dividend. This represents a c) annualized dividend and a yield of 4.3%. This is a boost from SPDR SSGA My2027 Corporate Bond ETF’s previous monthly dividend of $0.09. The ex-dividend date was Wednesday, July 1st.

Hedge Funds Weigh In On SPDR SSGA My2027 Corporate Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in MYCG. Sanctuary Advisors LLC increased its position in shares of SPDR SSGA My2027 Corporate Bond ETF by 0.4% in the 4th quarter. Sanctuary Advisors LLC now owns 98,501 shares of the company’s stock valued at $2,467,000 after buying an additional 421 shares in the last quarter. Private Advisor Group LLC raised its stake 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 buying an additional 2,730 shares during the period. L2 Asset Management LLC lifted its holdings in SPDR SSGA My2027 Corporate Bond ETF by 6.4% during the fourth 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 in the last quarter. Oldfather Financial Services LLC bought a new position in SPDR SSGA My2027 Corporate Bond ETF during the fourth quarter worth about $250,000. Finally, Jane Street Group LLC acquired a new position in SPDR SSGA My2027 Corporate Bond ETF in the first quarter valued at about $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.