SPDR SSGA My2033 Corporate Bond ETF (NASDAQ:MYCM) Sees Significant Increase in Short Interest

SPDR SSGA My2033 Corporate Bond ETF (NASDAQ:MYCM) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 975 shares, an increase of 240.9% from the June 30th total of 286 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 560 shares, the days-to-cover ratio is presently 1.7 days.

SPDR SSGA My2033 Corporate Bond ETF Stock Performance

SPDR SSGA My2033 Corporate Bond ETF stock traded up $0.01 on Monday, hitting $24.26. 12 shares of the stock traded hands, compared to its average volume of 1,653. The business’s fifty day simple moving average is $24.53 and its 200 day simple moving average is $24.76. SPDR SSGA My2033 Corporate Bond ETF has a 1 year low of $24.25 and a 1 year high of $25.30.

SPDR SSGA My2033 Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were paid a $0.0982 dividend. This represents a c) annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Wednesday, July 1st. This is a positive change from SPDR SSGA My2033 Corporate Bond ETF’s previous monthly dividend of $0.10.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Jane Street Group LLC bought a new stake in SPDR SSGA My2033 Corporate Bond ETF during the fourth quarter worth about $240,000. Global Assets Advisory LLC bought a new stake in SPDR SSGA My2033 Corporate Bond ETF in the first quarter worth $476,000. Global Financial Private Client LLC grew its stake in shares of SPDR SSGA My2033 Corporate Bond ETF by 25.7% in the first quarter. Global Financial Private Client LLC now owns 21,075 shares of the company’s stock worth $521,000 after acquiring an additional 4,311 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of SPDR SSGA My2033 Corporate Bond ETF by 41.6% in the first quarter. Private Advisor Group LLC now owns 27,089 shares of the company’s stock worth $670,000 after acquiring an additional 7,965 shares during the last quarter. Finally, Lido Advisors LLC purchased a new stake in shares of SPDR SSGA My2033 Corporate Bond ETF in the fourth quarter worth $2,579,000.

SPDR SSGA My2033 Corporate Bond ETF Company Profile

The SPDR SSgA My2033 Corporate Bond ETF (MYCM) 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 2033. Bonds are USD-denominated. MYCM was launched on Sep 23, 2024 and is issued by State Street.