Short Interest in SPDR SSGA My2031 Corporate Bond ETF (NASDAQ:MYCK) Drops By 65.8%

SPDR SSGA My2031 Corporate Bond ETF (NASDAQ:MYCK) saw a large decrease in short interest during the month of 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. Based on an average trading volume of 2,826 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are short sold.

SPDR SSGA My2031 Corporate Bond ETF Price Performance

MYCK opened at $24.49 on Friday. SPDR SSGA My2031 Corporate Bond ETF has a 1 year low of $24.47 and a 1 year high of $25.39. The company’s 50 day simple moving average is $24.62 and its 200 day simple moving average is $24.82.

SPDR SSGA My2031 Corporate Bond ETF Increases Dividend

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Jane Street Group LLC increased its stake in SPDR SSGA My2031 Corporate Bond ETF by 238.9% during the first quarter. Jane Street Group LLC now owns 36,325 shares of the company’s stock worth $892,000 after acquiring an additional 25,607 shares during the last quarter. L2 Asset Management LLC acquired a new position in SPDR SSGA My2031 Corporate Bond ETF during the 3rd quarter worth approximately $485,000. Lido Advisors LLC acquired a new position in SPDR SSGA My2031 Corporate Bond ETF during the 4th quarter worth approximately $2,422,000. Global Financial Private Client LLC boosted its holdings 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 worth $919,000 after acquiring an additional 12,480 shares during the period. Finally, Private Advisor Group LLC boosted its holdings in SPDR SSGA My2031 Corporate Bond ETF by 57.2% in 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 period.

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.