SPDR SSGA My2031 Corporate Bond ETF (NASDAQ:MYCK) Shares Shorted: Short Interest Up 56.7% in September

SPDR SSGA My2031 Corporate Bond ETF (NASDAQ:MYCK) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 3,077 shares, a growth of 56.7% from the August 31st total of 1,963 shares. Based on an average trading volume of 4,700 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.3% of the company’s shares are short sold.

SPDR SSGA My2031 Corporate Bond ETF Trading Down 0.1%

Shares of NASDAQ MYCK traded down $0.02 during mid-day trading on Thursday, reaching $23.84. 3,510 shares of the company’s stock were exchanged, compared to its average volume of 6,563. The firm has a 50-day moving average price of $24.37 and a two-hundred day moving average price of $24.65. SPDR SSGA My2031 Corporate Bond ETF has a 52 week low of $23.73 and a 52 week high of $25.39.

SPDR SSGA My2031 Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were given a $0.0930 dividend. This is a drop from SPDR SSGA My2031 Corporate Bond ETF’s previous monthly dividend of $0.0933. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $1.12 annualized dividend and a yield of 4.7%.

Institutional Investors Weigh In On SPDR SSGA My2031 Corporate Bond ETF

Several hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC grew its position in SPDR SSGA My2031 Corporate Bond ETF by 237.8% during the 2nd quarter. Citadel Advisors LLC now owns 33,268 shares of the company’s stock worth $825,000 after purchasing an additional 23,419 shares during the period. Lido Advisors LLC acquired a new stake in shares of SPDR SSGA My2031 Corporate Bond ETF in the fourth quarter valued at about $2,422,000. Private Advisor Group LLC boosted its stake in shares of SPDR SSGA My2031 Corporate Bond ETF by 57.2% during the first 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 during the last quarter. Global Financial Private Client LLC grew its position in 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 during the period. Finally, L2 Asset Management LLC boosted its position 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 valued at $574,000 after buying an additional 3,615 shares during the last quarter.

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.