SPDR SSGA My2031 Corporate Bond ETF (NASDAQ:MYCK) Stock Short Interest Climbs 1,439.4%

SPDR SSGA My2031 Corporate Bond ETF (NASDAQ:MYCK) saw a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 28,587 shares, an increase of 1,439.4% from the October 15th total of 1,857 shares. Currently, 2.5% of the shares of the company are short sold. Based on an average daily trading volume, of 6,588 shares, the days-to-cover ratio is currently 4.3 days.

Hedge Funds Weigh In On SPDR SSGA My2031 Corporate Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of MYCK. Private Advisor Group LLC acquired a new position in shares of SPDR SSGA My2031 Corporate Bond ETF in the 3rd quarter valued at about $458,000. Moneco Advisors LLC acquired a new stake in SPDR SSGA My2031 Corporate Bond ETF in the third quarter valued at approximately $840,000. Lido Advisors LLC acquired a new stake in SPDR SSGA My2031 Corporate Bond ETF in the third quarter valued at approximately $9,776,000. Finally, Citadel Advisors LLC raised its stake 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 purchasing an additional 23,419 shares during the period.

SPDR SSGA My2031 Corporate Bond ETF Stock Down 0.4%

Shares of NASDAQ MYCK traded down $0.09 during midday trading on Thursday, hitting $23.92. The company had a trading volume of 1,965 shares, compared to its average volume of 7,254. The business has a 50-day simple moving average of $24.04 and a two-hundred day simple moving average of $24.63. SPDR SSGA My2031 Corporate Bond ETF has a twelve month low of $23.73 and a twelve month high of $26.19.

SPDR SSGA My2031 Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd were issued a $0.0963 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.8%. This is a positive change from SPDR SSGA My2031 Corporate Bond ETF’s previous monthly dividend of $0.0955. The ex-dividend date of this dividend was Monday, November 2nd.

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.