SPDR SSGA My2031 Corporate Bond ETF (NASDAQ:MYCK) Sees Significant Growth in Short Interest

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

SPDR SSGA My2031 Corporate Bond ETF Stock Performance

Shares of NASDAQ:MYCK traded down $0.15 during trading on Tuesday, reaching $24.01. The stock had a trading volume of 55,962 shares, compared to its average volume of 7,245. SPDR SSGA My2031 Corporate Bond ETF has a 52 week low of $23.73 and a 52 week high of $26.19. The business’s 50-day moving average price is $24.05 and its 200 day moving average price is $24.64.

SPDR SSGA My2031 Corporate Bond ETF Increases Dividend

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

Hedge Funds Weigh In On SPDR SSGA My2031 Corporate Bond ETF

Several institutional investors have recently bought and sold shares of MYCK. Lido Advisors LLC grew its holdings in shares of SPDR SSGA My2031 Corporate Bond ETF by 466.2% during the first quarter. Lido Advisors LLC now owns 546,601 shares of the company’s stock worth $13,613,000 after purchasing an additional 450,069 shares during the last quarter. Moneco Advisors LLC bought a new stake in SPDR SSGA My2031 Corporate Bond ETF during the 3rd quarter worth about $840,000. Citadel Advisors LLC grew its holdings in SPDR SSGA My2031 Corporate Bond ETF by 237.8% during the 2nd quarter. Citadel Advisors LLC now owns 33,268 shares of the company’s stock worth $825,000 after acquiring an additional 23,419 shares during the last quarter. Finally, Private Advisor Group LLC grew its holdings in 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 acquiring an additional 4,940 shares during the last quarter.

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.