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

SPDR SSGA My2033 Corporate Bond ETF (NASDAQ:MYCM) saw a significant drop in short interest in October. As of October 30th, there was short interest totaling 58 shares, a drop of 85.6% from the October 15th total of 403 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,289 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in SPDR SSGA My2033 Corporate Bond ETF stock. Private Advisor Group LLC purchased a new position in shares of SPDR SSGA My2033 Corporate Bond ETF (NASDAQ:MYCM) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 33,510 shares of the company’s stock, valued at approximately $785,000. Private Advisor Group LLC owned about 9.57% of SPDR SSGA My2033 Corporate Bond ETF at the end of the most recent reporting period.

SPDR SSGA My2033 Corporate Bond ETF Stock Performance

Shares of NASDAQ MYCM traded down $0.00 during trading on Wednesday, reaching $23.64. The company had a trading volume of 338 shares, compared to its average volume of 1,564. SPDR SSGA My2033 Corporate Bond ETF has a twelve month low of $23.33 and a twelve month high of $25.30. The stock has a 50-day moving average price of $23.69 and a two-hundred day moving average price of $24.42.

SPDR SSGA My2033 Corporate Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Investors of record on Monday, November 2nd were given a dividend of $0.0990 per share. The ex-dividend date was Monday, November 2nd. This represents a $1.19 dividend on an annualized basis and a yield of 5.0%. This is a drop from SPDR SSGA My2033 Corporate Bond ETF’s previous monthly dividend of $0.0991.

About SPDR SSGA My2033 Corporate Bond ETF

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.