Short Interest in SPDR SSGA My2027 Municipal Bond ETF (NASDAQ:MYMG) Expands By 190,550.0%

SPDR SSGA My2027 Municipal Bond ETF (NASDAQ:MYMG) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 7,626 shares, a growth of 190,550.0% from the December 15th total of 4 shares. Based on an average daily volume of 2,048 shares, the short-interest ratio is presently 3.7 days. Currently, 2.5% of the company’s stock are sold short. Currently, 2.5% of the company’s stock are sold short. Based on an average daily volume of 2,048 shares, the short-interest ratio is presently 3.7 days.

SPDR SSGA My2027 Municipal Bond ETF Price Performance

MYMG opened at $24.75 on Tuesday. The stock’s 50 day moving average price is $24.70 and its 200-day moving average price is $24.68. SPDR SSGA My2027 Municipal Bond ETF has a 52-week low of $24.26 and a 52-week high of $24.97.

SPDR SSGA My2027 Municipal Bond ETF Cuts Dividend

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

Hedge Funds 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. raised its position in shares of SPDR SSGA My2027 Municipal Bond ETF (NASDAQ:MYMG) by 16.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,988 shares of the company’s stock after purchasing an additional 5,038 shares during the quarter. Exchange Capital Management Inc. owned 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.