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

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

Hedge Funds Weigh In On SPDR SSGA My2033 Corporate Bond ETF

Several large investors have recently modified their holdings of MYCM. Lido Advisors LLC boosted its stake 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. Global Assets Advisory LLC bought a new stake in SPDR SSGA My2033 Corporate Bond ETF during the 1st quarter valued at about $476,000. Private Advisor Group LLC increased its stake in SPDR SSGA My2033 Corporate Bond ETF by 41.6% during the 1st quarter. Private Advisor Group LLC now owns 27,089 shares of the company’s stock valued at $670,000 after purchasing an additional 7,965 shares in the last quarter. 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 worth $521,000 after buying an additional 4,311 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in SPDR SSGA My2033 Corporate Bond ETF in the fourth quarter worth about $240,000.

SPDR SSGA My2033 Corporate Bond ETF Stock Up 0.0%

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

SPDR SSGA My2033 Corporate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were paid a $0.0982 dividend. This is an increase from SPDR SSGA My2033 Corporate Bond ETF’s previous monthly dividend of $0.10. 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.

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.