SPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG) Short Interest Update
by Scott Moore · The Cerbat GemSPDR SSGA My2027 Corporate Bond ETF (NASDAQ:MYCG – Get Free Report) was the target of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 768 shares, a decline of 47.4% from the April 15th total of 1,460 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 1,644 shares, the short-interest ratio is currently 0.5 days.
Institutional Investors Weigh In On SPDR SSGA My2027 Corporate Bond ETF
A number of institutional investors have recently bought and sold shares of the stock. Lido Advisors LLC grew its holdings in SPDR SSGA My2027 Corporate Bond ETF by 15.7% in the first quarter. Lido Advisors LLC now owns 127,552 shares of the company’s stock valued at $3,189,000 after purchasing an additional 17,278 shares during the period. Private Advisor Group LLC grew its holdings in SPDR SSGA My2027 Corporate Bond ETF by 23.8% in the first quarter. Private Advisor Group LLC now owns 14,205 shares of the company’s stock valued at $355,000 after purchasing an additional 2,730 shares during the period. L2 Asset Management LLC grew its holdings in SPDR SSGA My2027 Corporate Bond ETF by 6.4% in the fourth quarter. L2 Asset Management LLC now owns 63,603 shares of the company’s stock valued at $1,593,000 after purchasing an additional 3,810 shares during the period. LPL Financial LLC grew its holdings in SPDR SSGA My2027 Corporate Bond ETF by 11.7% in the fourth quarter. LPL Financial LLC now owns 230,565 shares of the company’s stock valued at $5,774,000 after purchasing an additional 24,240 shares during the period. Finally, Fourth Dimension Wealth LLC grew its holdings in SPDR SSGA My2027 Corporate Bond ETF by 155.6% in the fourth quarter. Fourth Dimension Wealth LLC now owns 28,609 shares of the company’s stock valued at $716,000 after purchasing an additional 17,414 shares during the period.
SPDR SSGA My2027 Corporate Bond ETF Stock Performance
Shares of NASDAQ:MYCG traded down $0.01 during trading on Friday, reaching $24.94. The stock had a trading volume of 1,019 shares, compared to its average volume of 4,564. The business has a fifty day moving average price of $24.97 and a 200-day moving average price of $25.02. SPDR SSGA My2027 Corporate Bond ETF has a fifty-two week low of $24.83 and a fifty-two week high of $25.14.
SPDR SSGA My2027 Corporate Bond ETF Increases Dividend
The business also recently announced a monthly dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, May 1st were issued a $0.0888 dividend. The ex-dividend date was Friday, May 1st. This is a positive change from SPDR SSGA My2027 Corporate Bond ETF’s previous monthly dividend of $0.09. This represents a c) dividend on an annualized basis and a yield of 4.3%.
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.