SPDR SSGA My2033 Corporate Bond ETF (NASDAQ:MYCM) Sees Significant Decrease in Short Interest

SPDR SSGA My2033 Corporate Bond ETF (NASDAQ:MYCM) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 265 shares, a drop of 90.6% from the May 14th total of 2,814 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 9,536 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of SPDR SSGA My2033 Corporate Bond ETF

Several hedge funds have recently made changes to their positions in the business. PFG Private Wealth Management LLC acquired a new stake in SPDR SSGA My2033 Corporate Bond ETF in the third quarter valued at approximately $203,000. Jane Street Group LLC acquired a new stake in SPDR SSGA My2033 Corporate Bond ETF in the fourth quarter valued at approximately $240,000. Global Assets Advisory LLC acquired a new stake in SPDR SSGA My2033 Corporate Bond ETF in the first quarter valued at approximately $476,000. Global Financial Private Client LLC raised its holdings in SPDR SSGA My2033 Corporate Bond ETF by 25.7% in the first quarter. Global Financial Private Client LLC now owns 21,075 shares of the company’s stock valued at $521,000 after acquiring an additional 4,311 shares in the last quarter. Finally, Private Advisor Group LLC raised its holdings in SPDR SSGA My2033 Corporate Bond ETF by 41.6% in the first quarter. Private Advisor Group LLC now owns 27,089 shares of the company’s stock valued at $670,000 after acquiring an additional 7,965 shares in the last quarter.

SPDR SSGA My2033 Corporate Bond ETF Trading Down 0.1%

MYCM stock traded down $0.03 during mid-day trading on Wednesday, hitting $24.49. 127 shares of the company were exchanged, compared to its average volume of 1,878. The business has a fifty day simple moving average of $24.69 and a 200-day simple moving average of $24.88. SPDR SSGA My2033 Corporate Bond ETF has a 12-month low of $24.30 and a 12-month high of $25.30.

SPDR SSGA My2033 Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were given a dividend of $0.0965 per share. This is a boost from SPDR SSGA My2033 Corporate Bond ETF’s previous monthly dividend of $0.10. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Monday, June 1st.

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.