SPDR SSGA My2033 Corporate Bond ETF (NASDAQ:MYCM) Stock Short Interest Drops 60.2%

SPDR SSGA My2033 Corporate Bond ETF (NASDAQ:MYCM) was the target of a significant drop in short interest during 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 daily volume of 882 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

SPDR SSGA My2033 Corporate Bond ETF Price Performance

NASDAQ:MYCM remained flat at $23.49 during trading hours on Wednesday. The company’s stock had a trading volume of 1,344 shares, compared to its average volume of 1,523. The company’s 50 day moving average is $23.93 and its 200 day moving average is $24.36. SPDR SSGA My2033 Corporate Bond ETF has a 52 week low of $23.33 and a 52 week high of $25.30.

SPDR SSGA My2033 Corporate Bond ETF Increases Dividend

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

Hedge Funds Weigh In On SPDR SSGA My2033 Corporate Bond ETF

Institutional investors have recently modified their holdings of the company. Lido Advisors LLC raised its holdings in shares of SPDR SSGA My2033 Corporate Bond ETF by 27.9% during the first quarter. Lido Advisors LLC now owns 132,123 shares of the company’s stock valued at $3,268,000 after buying an additional 28,781 shares during the last quarter. Private Advisor Group LLC grew 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 buying an additional 7,965 shares in the last quarter. Global Financial Private Client LLC grew its holdings 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 in the last quarter. Finally, Global Assets Advisory LLC bought a new position in SPDR SSGA My2033 Corporate Bond ETF in the 1st quarter worth approximately $476,000.

About SPDR SSGA My2033 Corporate Bond ETF

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.