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 large growth in short interest during the month of May. As of May 15th, there was short interest totaling 1,328 shares, a growth of 72.9% from the April 30th total of 768 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 2,803 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. LPL Financial LLC boosted its stake in shares of SPDR SSGA My2027 Corporate Bond ETF by 11.7% during the 4th quarter. LPL Financial LLC now owns 230,565 shares of the company’s stock worth $5,774,000 after acquiring an additional 24,240 shares during the last quarter. Lido Advisors LLC boosted its stake 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 worth $3,189,000 after acquiring an additional 17,278 shares during the last quarter. Gradient Investments LLC boosted its stake in shares of SPDR SSGA My2027 Corporate Bond ETF by 263.4% during the 4th quarter. Gradient Investments LLC now owns 120,534 shares of the company’s stock worth $3,018,000 after acquiring an additional 87,364 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in shares of 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 last quarter. Finally, L2 Asset Management LLC boosted its stake in shares of 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 last quarter.

SPDR SSGA My2027 Corporate Bond ETF Stock Performance

Shares of SPDR SSGA My2027 Corporate Bond ETF stock opened at $24.93 on Wednesday. The company’s fifty day simple moving average is $24.97 and its 200-day simple moving average is $25.02. SPDR SSGA My2027 Corporate Bond ETF has a 1-year low of $24.83 and a 1-year high of $25.14.

SPDR SSGA My2027 Corporate Bond ETF Cuts Dividend

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

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.