SPDR SSGA My2031 Corporate Bond ETF (NASDAQ:MYCK) Sees Large Decrease in Short Interest

SPDR SSGA My2031 Corporate Bond ETF (NASDAQ:MYCK) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 861 shares, a decrease of 65.8% from the July 30th total of 2,517 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 2,826 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On SPDR SSGA My2031 Corporate Bond ETF

A number of hedge funds have recently bought and sold shares of the company. Lido Advisors LLC lifted its stake in shares of SPDR SSGA My2031 Corporate Bond ETF by 466.2% in the first quarter. Lido Advisors LLC now owns 546,601 shares of the company’s stock worth $13,613,000 after buying an additional 450,069 shares in the last quarter. Global Financial Private Client LLC increased its position in shares of SPDR SSGA My2031 Corporate Bond ETF by 51.1% during the first quarter. Global Financial Private Client LLC now owns 36,905 shares of the company’s stock valued at $919,000 after acquiring an additional 12,480 shares in the last quarter. Jane Street Group LLC increased its position in shares of SPDR SSGA My2031 Corporate Bond ETF by 238.9% during the first quarter. Jane Street Group LLC now owns 36,325 shares of the company’s stock valued at $892,000 after acquiring an additional 25,607 shares in the last quarter. L2 Asset Management LLC raised its holdings in SPDR SSGA My2031 Corporate Bond ETF by 18.8% in the 4th quarter. L2 Asset Management LLC now owns 22,876 shares of the company’s stock worth $574,000 after acquiring an additional 3,615 shares during the last quarter. Finally, Private Advisor Group LLC lifted its position in SPDR SSGA My2031 Corporate Bond ETF by 57.2% in the 1st quarter. Private Advisor Group LLC now owns 13,577 shares of the company’s stock valued at $338,000 after acquiring an additional 4,940 shares in the last quarter.

SPDR SSGA My2031 Corporate Bond ETF Stock Down 0.3%

MYCK stock traded down $0.08 on Friday, reaching $24.49. 11,153 shares of the company traded hands, compared to its average volume of 6,952. The firm has a fifty day simple moving average of $24.62 and a 200-day simple moving average of $24.82. SPDR SSGA My2031 Corporate Bond ETF has a one year low of $24.47 and a one year high of $25.39.

SPDR SSGA My2031 Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd were issued a dividend of $0.0933 per share. The ex-dividend date was Monday, August 3rd. This is a boost from SPDR SSGA My2031 Corporate Bond ETF’s previous monthly dividend of $0.09. This represents a c) annualized dividend and a dividend yield of 4.6%.

About SPDR SSGA My2031 Corporate Bond ETF

The SPDR SSgA My2031 Corporate Bond ETF (MYCK) 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 2031. Bonds are USD-denominated. MYCK was launched on Sep 23, 2024 and is issued by State Street.