Short Interest in SPDR SSGA My2032 Corporate Bond ETF (NASDAQ:MYCL) Expands By 160.0%

SPDR SSGA My2032 Corporate Bond ETF (NASDAQ:MYCL) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 11,943 shares, a growth of 160.0% from the June 30th total of 4,594 shares. Approximately 3.0% of the company’s shares are short sold. Based on an average daily trading volume, of 3,387 shares, the days-to-cover ratio is presently 3.5 days.

SPDR SSGA My2032 Corporate Bond ETF Stock Performance

Shares of MYCL stock traded up $0.04 on Tuesday, reaching $24.39. The company had a trading volume of 109 shares, compared to its average volume of 2,913. The company has a 50-day moving average of $24.57 and a 200-day moving average of $24.80. SPDR SSGA My2032 Corporate Bond ETF has a 12 month low of $24.30 and a 12 month high of $25.35.

SPDR SSGA My2032 Corporate Bond ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were paid a $0.0947 dividend. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Wednesday, July 1st.

Institutional Investors Weigh In On SPDR SSGA My2032 Corporate Bond ETF

Several hedge funds have recently bought and sold shares of MYCL. Lido Advisors LLC boosted its position in shares of SPDR SSGA My2032 Corporate Bond ETF by 30.4% during the first quarter. Lido Advisors LLC now owns 130,558 shares of the company’s stock worth $3,235,000 after purchasing an additional 30,414 shares in the last quarter. Private Advisor Group LLC bought a new stake in shares of SPDR SSGA My2032 Corporate Bond ETF in the 1st quarter valued at $268,000. Global Financial Private Client LLC raised its stake in SPDR SSGA My2032 Corporate Bond ETF by 65.2% during the 1st quarter. Global Financial Private Client LLC now owns 27,633 shares of the company’s stock worth $685,000 after buying an additional 10,902 shares during the period. Finally, Moneco Advisors LLC acquired a new stake in SPDR SSGA My2032 Corporate Bond ETF during the 4th quarter worth $1,514,000.

About SPDR SSGA My2032 Corporate Bond ETF

The SPDR SSgA My2032 Corporate Bond ETF (MYCL) 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 2032. Bonds are USD-denominated. MYCL was launched on Sep 23, 2024 and is issued by State Street.