SPDR SSGA My2033 Corporate Bond ETF (NASDAQ:MYCM) Sees Large Drop in Short Interest

SPDR SSGA My2033 Corporate Bond ETF (NASDAQ:MYCM) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 97 shares, a drop of 60.2% from the September 15th total of 244 shares. Based on an average trading volume of 882 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

SPDR SSGA My2033 Corporate Bond ETF Price Performance

Shares of NASDAQ MYCM remained flat at $23.49 during midday trading on Tuesday. 10 shares of the stock were exchanged, compared to its average volume of 1,528. The business’s 50-day simple moving average is $23.94 and its 200-day simple moving average is $24.37. SPDR SSGA My2033 Corporate Bond ETF has a 1 year low of $23.33 and a 1 year high of $25.30.

SPDR SSGA My2033 Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were paid a $0.0991 dividend. This represents a $1.19 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date was Thursday, October 1st. This is a boost from SPDR SSGA My2033 Corporate Bond ETF’s previous monthly dividend of $0.0980.

Institutional Investors Weigh In On SPDR SSGA My2033 Corporate Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Global Assets Advisory LLC purchased a new stake in shares of SPDR SSGA My2033 Corporate Bond ETF during the first quarter worth about $476,000. Global Financial Private Client LLC raised its stake in SPDR SSGA My2033 Corporate Bond ETF by 25.7% during the 1st quarter. Global Financial Private Client LLC now owns 21,075 shares of the company’s stock valued at $521,000 after purchasing an additional 4,311 shares during the period. Private Advisor Group LLC lifted its holdings in SPDR SSGA My2033 Corporate Bond ETF by 41.6% in the 1st quarter. Private Advisor Group LLC now owns 27,089 shares of the company’s stock worth $670,000 after purchasing an additional 7,965 shares in the last quarter. Finally, Lido Advisors LLC lifted its holdings in SPDR SSGA My2033 Corporate Bond ETF by 27.9% in the 1st quarter. Lido Advisors LLC now owns 132,123 shares of the company’s stock worth $3,268,000 after purchasing an additional 28,781 shares in the last quarter.

SPDR SSGA My2033 Corporate Bond ETF Company Profile

The SPDR SSgA My2033 Corporate Bond ETF (MYCM) 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 2033. Bonds are USD-denominated. MYCM was launched on Sep 23, 2024 and is issued by State Street.