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

SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 5,039 shares, a decline of 37.8% from the September 30th total of 8,100 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 12,722 shares, the short-interest ratio is currently 0.4 days.

SPDR SSGA My2027 Corporate Bond ETF Stock Down 0.0%

NASDAQ:MYCG traded down $0.01 during midday trading on Tuesday, hitting $24.83. The stock had a trading volume of 617 shares, compared to its average volume of 7,407. The stock has a 50-day moving average of $24.90 and a 200 day moving average of $24.96. SPDR SSGA My2027 Corporate Bond ETF has a one year low of $24.81 and a one year high of $25.14.

SPDR SSGA My2027 Corporate Bond ETF Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd will be issued a $0.0984 dividend. The ex-dividend date is Monday, November 2nd. This is a positive change from SPDR SSGA My2027 Corporate Bond ETF’s previous dividend of $0.0912.

Hedge Funds Weigh In On SPDR SSGA My2027 Corporate Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Woodmont Investment Counsel LLC purchased a new stake in SPDR SSGA My2027 Corporate Bond ETF in the third quarter worth about $1,367,000. Paladin Wealth LLC bought a new position in SPDR SSGA My2027 Corporate Bond ETF during the 3rd quarter worth about $261,000. Gradient Investments LLC bought a new position in SPDR SSGA My2027 Corporate Bond ETF during the 3rd quarter worth about $4,544,000. Citadel Advisors LLC grew its holdings in SPDR SSGA My2027 Corporate Bond ETF by 101.9% during the 2nd quarter. Citadel Advisors LLC now owns 28,110 shares of the company’s stock worth $702,000 after acquiring an additional 14,189 shares in the last quarter. Finally, Hobbs Group Advisors LLC increased its position in SPDR SSGA My2027 Corporate Bond ETF by 100.0% during the 1st quarter. Hobbs Group Advisors LLC now owns 45,904 shares of the company’s stock valued at $1,148,000 after purchasing an additional 22,950 shares during the period.

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.