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

SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 3,290 shares, a drop of 77.6% from the August 31st total of 14,667 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 11,406 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On SPDR SSGA My2027 Corporate Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Citadel Advisors LLC increased its holdings in SPDR SSGA My2027 Corporate Bond ETF by 101.9% during the second quarter. Citadel Advisors LLC now owns 28,110 shares of the company’s stock valued at $702,000 after buying an additional 14,189 shares during the last quarter. Hobbs Group Advisors LLC boosted its stake in shares of 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 worth $1,148,000 after acquiring an additional 22,950 shares during the last quarter. Lido Advisors LLC grew its position in shares of SPDR SSGA My2027 Corporate Bond ETF by 15.7% during the 1st quarter. Lido Advisors LLC now owns 127,552 shares of the company’s stock valued at $3,189,000 after acquiring an additional 17,278 shares during the period. Private Advisor Group LLC increased its stake in shares of SPDR SSGA My2027 Corporate Bond ETF by 23.8% in the 1st quarter. Private Advisor Group LLC now owns 14,205 shares of the company’s stock worth $355,000 after purchasing an additional 2,730 shares in the last quarter. Finally, L2 Asset Management LLC increased its stake in shares of SPDR SSGA My2027 Corporate Bond ETF by 6.4% in the 4th quarter. L2 Asset Management LLC now owns 63,603 shares of the company’s stock worth $1,593,000 after purchasing an additional 3,810 shares in the last quarter.

SPDR SSGA My2027 Corporate Bond ETF Stock Performance

Shares of MYCG traded up $0.01 during trading hours on Friday, hitting $24.91. The stock had a trading volume of 2,867 shares, compared to its average volume of 6,938. SPDR SSGA My2027 Corporate Bond ETF has a 12 month low of $24.84 and a 12 month high of $25.14. The stock has a fifty day moving average price of $24.93 and a 200 day moving average price of $24.95.

SPDR SSGA My2027 Corporate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were paid a dividend of $0.0887 per share. The ex-dividend date was Tuesday, September 1st. This represents a $1.06 dividend on an annualized basis and a dividend yield of 4.3%. This is a decrease from SPDR SSGA My2027 Corporate Bond ETF’s previous monthly dividend of $0.0901.

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.