SPDR SSGA My2031 Corporate Bond ETF (NASDAQ:MYCK) Short Interest Update

SPDR SSGA My2031 Corporate Bond ETF (NASDAQ:MYCK) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 2,517 shares, a drop of 86.6% from the July 15th total of 18,810 shares. Based on an average daily volume of 15,995 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s shares are short sold.

SPDR SSGA My2031 Corporate Bond ETF Price Performance

NASDAQ:MYCK traded up $0.06 on Wednesday, reaching $24.58. The company’s stock had a trading volume of 620 shares, compared to its average volume of 7,138. SPDR SSGA My2031 Corporate Bond ETF has a 12-month low of $24.47 and a 12-month high of $25.39. The stock has a 50 day moving average price of $24.66 and a 200 day moving average price of $24.87.

SPDR SSGA My2031 Corporate Bond ETF Increases Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MYCK. Lido Advisors LLC purchased a new position in SPDR SSGA My2031 Corporate Bond ETF in the 4th quarter valued at approximately $2,422,000. Jane Street Group LLC raised its holdings in SPDR SSGA My2031 Corporate Bond ETF by 238.9% in 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. Private Advisor Group LLC grew its holdings in SPDR SSGA My2031 Corporate Bond ETF by 57.2% during the 1st quarter. Private Advisor Group LLC now owns 13,577 shares of the company’s stock worth $338,000 after acquiring an additional 4,940 shares in the last quarter. Global Financial Private Client LLC grew its stake 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 worth $919,000 after purchasing an additional 12,480 shares in the last quarter. Finally, L2 Asset Management LLC purchased a new position in SPDR SSGA My2031 Corporate Bond ETF in the third quarter valued at $485,000.

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.