SPDR SSGA My2031 Corporate Bond ETF (NASDAQ:MYCK) Sees Large Decrease in Short Interest

SPDR SSGA My2031 Corporate Bond ETF (NASDAQ:MYCK) was the recipient of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 861 shares, a decrease of 65.8% from the July 30th total of 2,517 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 2,826 shares, the days-to-cover ratio is currently 0.3 days.

SPDR SSGA My2031 Corporate Bond ETF Price Performance

NASDAQ MYCK traded down $0.08 during trading hours on Friday, hitting $24.49. The company’s stock had a trading volume of 11,153 shares, compared to its average volume of 6,952. SPDR SSGA My2031 Corporate Bond ETF has a 12 month low of $24.47 and a 12 month high of $25.39. The company’s 50 day simple moving average is $24.62 and its two-hundred day simple moving average is $24.82.

SPDR SSGA My2031 Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd were paid a $0.0933 dividend. This is a boost from SPDR SSGA My2031 Corporate Bond ETF’s previous monthly dividend of $0.09. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Monday, August 3rd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MYCK. Private Advisor Group LLC increased its position in SPDR SSGA My2031 Corporate Bond ETF by 57.2% during the first quarter. Private Advisor Group LLC now owns 13,577 shares of the company’s stock valued at $338,000 after acquiring an additional 4,940 shares during the last quarter. L2 Asset Management LLC bought a new stake in SPDR SSGA My2031 Corporate Bond ETF during the third quarter valued at about $485,000. Jane Street Group LLC lifted its holdings in SPDR SSGA My2031 Corporate Bond ETF by 238.9% in 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 in the last quarter. Global Financial Private Client LLC boosted its position in shares of SPDR SSGA My2031 Corporate Bond ETF by 51.1% during the first quarter. Global Financial Private Client LLC now owns 36,905 shares of the company’s stock worth $919,000 after acquiring an additional 12,480 shares during the last quarter. Finally, Lido Advisors LLC purchased a new position in shares of SPDR SSGA My2031 Corporate Bond ETF during the fourth 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.