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

SPDR SSGA My2031 Corporate Bond ETF (NASDAQ:MYCK) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 1,963 shares, a growth of 128.0% from the August 15th total of 861 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,989 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC increased its stake in SPDR SSGA My2031 Corporate Bond ETF by 57.2% in the 1st quarter. Private Advisor Group LLC now owns 13,577 shares of the company’s stock valued at $338,000 after buying an additional 4,940 shares during the last quarter. L2 Asset Management LLC bought a new position in shares of SPDR SSGA My2031 Corporate Bond ETF in the third quarter valued at approximately $485,000. Citadel Advisors LLC increased its position in shares of SPDR SSGA My2031 Corporate Bond ETF by 237.8% during the second quarter. Citadel Advisors LLC now owns 33,268 shares of the company’s stock valued at $825,000 after acquiring an additional 23,419 shares during the last quarter. Jane Street Group LLC raised its stake in shares of SPDR SSGA My2031 Corporate Bond ETF by 238.9% during the 1st quarter. Jane Street Group LLC now owns 36,325 shares of the company’s stock worth $892,000 after purchasing an additional 25,607 shares during the period. Finally, Global Financial Private Client LLC boosted its holdings in shares of SPDR SSGA My2031 Corporate Bond ETF by 51.1% in the 1st quarter. Global Financial Private Client LLC now owns 36,905 shares of the company’s stock worth $919,000 after buying an additional 12,480 shares during the last quarter.

SPDR SSGA My2031 Corporate Bond ETF Price Performance

MYCK opened at $24.12 on Monday. SPDR SSGA My2031 Corporate Bond ETF has a fifty-two week low of $24.12 and a fifty-two week high of $25.39. The company’s 50 day moving average price is $24.53 and its two-hundred day moving average price is $24.75.

SPDR SSGA My2031 Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were issued a $0.093 dividend. The ex-dividend date was Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 4.6%.

SPDR SSGA My2031 Corporate Bond ETF Company Profile

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.