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

SPDR SSGA My2031 Corporate Bond ETF (NASDAQ:MYCK) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 254 shares, a decline of 70.3% from the June 15th total of 855 shares. Based on an average trading volume of 4,711 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Investors Weigh In On SPDR SSGA My2031 Corporate Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Lido Advisors LLC grew its position in shares of SPDR SSGA My2031 Corporate Bond ETF by 466.2% in the 1st quarter. Lido Advisors LLC now owns 546,601 shares of the company’s stock worth $13,613,000 after buying an additional 450,069 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of 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 in the last quarter. Global Financial Private Client LLC lifted its stake in SPDR SSGA My2031 Corporate Bond ETF by 51.1% in 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 period. L2 Asset Management LLC lifted its stake in SPDR SSGA My2031 Corporate Bond ETF by 18.8% in the fourth quarter. L2 Asset Management LLC now owns 22,876 shares of the company’s stock worth $574,000 after acquiring an additional 3,615 shares during the period. Finally, Jane Street Group LLC boosted its holdings in SPDR SSGA My2031 Corporate Bond ETF by 238.9% in the first quarter. Jane Street Group LLC now owns 36,325 shares of the company’s stock valued at $892,000 after acquiring an additional 25,607 shares in the last quarter.

SPDR SSGA My2031 Corporate Bond ETF Stock Performance

Shares of NASDAQ:MYCK traded down $0.08 during midday trading on Monday, hitting $24.55. 2,237 shares of the stock traded hands, compared to its average volume of 6,660. The business’s 50 day moving average is $24.76 and its two-hundred day moving average is $24.95. SPDR SSGA My2031 Corporate Bond ETF has a one year low of $24.55 and a one year high of $25.39.

SPDR SSGA My2031 Corporate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were issued a dividend of $0.0921 per share. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Wednesday, July 1st.

About SPDR SSGA My2031 Corporate Bond ETF

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.