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

SPDR SSGA My2033 Corporate Bond ETF (NASDAQ:MYCM) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 975 shares, a growth of 240.9% from the June 30th total of 286 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 560 shares, the short-interest ratio is presently 1.7 days.

SPDR SSGA My2033 Corporate Bond ETF Price Performance

NASDAQ MYCM traded up $0.01 during mid-day trading on Friday, reaching $24.26. The stock had a trading volume of 1,841 shares, compared to its average volume of 1,665. SPDR SSGA My2033 Corporate Bond ETF has a 1 year low of $24.25 and a 1 year high of $25.30. The company has a fifty day moving average price of $24.54 and a 200 day moving average price of $24.77.

SPDR SSGA My2033 Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were issued a $0.0982 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend was Wednesday, July 1st. This is a positive change from SPDR SSGA My2033 Corporate Bond ETF’s previous monthly dividend of $0.10.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Jane Street Group LLC purchased a new stake in shares of SPDR SSGA My2033 Corporate Bond ETF during the fourth quarter valued at $240,000. Global Assets Advisory LLC bought a new stake in SPDR SSGA My2033 Corporate Bond ETF in the 1st quarter worth about $476,000. Global Financial Private Client LLC raised its position in SPDR SSGA My2033 Corporate Bond ETF by 25.7% in the 1st quarter. Global Financial Private Client LLC now owns 21,075 shares of the company’s stock worth $521,000 after buying an additional 4,311 shares during the last quarter. Private Advisor Group LLC raised its position 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 buying an additional 7,965 shares during the last quarter. Finally, Lido Advisors LLC bought a new position in SPDR SSGA My2033 Corporate Bond ETF during the 4th quarter valued at about $2,579,000.

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.