Short Interest in SPDR SSGA My2027 Municipal Bond ETF (NASDAQ:MYMG) Declines By 98.3%

SPDR SSGA My2027 Municipal Bond ETF (NASDAQ:MYMG) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 130 shares, a decline of 98.3% from the December 31st total of 7,626 shares. Based on an average daily volume of 1,089 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 1,089 shares, the short-interest ratio is presently 0.1 days.

SPDR SSGA My2027 Municipal Bond ETF Trading Down 0.0%

Shares of MYMG traded down $0.00 on Tuesday, reaching $24.79. The stock had a trading volume of 4,990 shares, compared to its average volume of 2,711. SPDR SSGA My2027 Municipal Bond ETF has a 12-month low of $24.26 and a 12-month high of $24.97. The company has a 50-day simple moving average of $24.71 and a 200-day simple moving average of $24.70.

SPDR SSGA My2027 Municipal Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Thursday, December 18th were issued a dividend of $0.0597 per share. The ex-dividend date was Thursday, December 18th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%.

Institutional Investors Weigh In On SPDR SSGA My2027 Municipal Bond ETF

An institutional investor recently raised its position in SPDR SSGA My2027 Municipal Bond ETF stock. Exchange Capital Management Inc. boosted its stake in shares of SPDR SSGA My2027 Municipal Bond ETF (NASDAQ:MYMG) by 16.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,988 shares of the company’s stock after purchasing an additional 5,038 shares during the period. Exchange Capital Management Inc. owned about 17.49% of SPDR SSGA My2027 Municipal Bond ETF worth $861,000 at the end of the most recent reporting period.

About SPDR SSGA My2027 Municipal Bond ETF

The SPDR SSgA My2027 Municipal Bond ETF (MYMG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of investment grade municipal bonds with effective maturities in 2027. Bonds are USD-denominated. MYMG was launched on Sep 23, 2024 and is issued by State Street.