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

SPDR SSGA My2031 Corporate Bond ETF (NASDAQ:MYCK) saw a significant increase in short interest in September. As of September 15th, there was short interest totaling 3,077 shares, an increase of 56.7% from the August 31st total of 1,963 shares. Based on an average daily trading volume, of 4,700 shares, the short-interest ratio is presently 0.7 days. Approximately 0.3% of the shares of the stock are short sold.

SPDR SSGA My2031 Corporate Bond ETF Price Performance

Shares of NASDAQ:MYCK traded down $0.01 during trading on Wednesday, hitting $23.86. 6,753 shares of the stock were exchanged, compared to its average volume of 6,580. The company has a fifty day moving average price of $24.37 and a two-hundred day moving average price of $24.65. SPDR SSGA My2031 Corporate Bond ETF has a 12-month low of $23.83 and a 12-month high of $25.39.

SPDR SSGA My2031 Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were given a dividend of $0.0930 per share. The ex-dividend date was Tuesday, September 1st. This is a negative change from SPDR SSGA My2031 Corporate Bond ETF’s previous monthly dividend of $0.0933. This represents a $1.12 dividend on an annualized basis and a yield of 4.7%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Private Advisor Group LLC raised its stake in shares of 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 buying an additional 4,940 shares during the last quarter. L2 Asset Management LLC boosted its position in shares of SPDR SSGA My2031 Corporate Bond ETF by 18.8% in the 4th quarter. L2 Asset Management LLC now owns 22,876 shares of the company’s stock worth $574,000 after buying an additional 3,615 shares in the last quarter. Citadel Advisors LLC grew its stake in SPDR SSGA My2031 Corporate Bond ETF by 237.8% in the 2nd 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. Global Financial Private Client LLC grew its stake in 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 valued at $919,000 after acquiring an additional 12,480 shares during the last quarter. Finally, Lido Advisors LLC purchased a new position in SPDR SSGA My2031 Corporate Bond ETF during the 4th quarter valued at about $2,422,000.

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.