SPDR SSGA My2033 Corporate Bond ETF (NASDAQ:MYCM) Stock Short Interest Rises 315.5%

SPDR SSGA My2033 Corporate Bond ETF (NASDAQ:MYCM) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 403 shares, an increase of 315.5% from the September 30th total of 97 shares. Based on an average trading volume of 482 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lido Advisors LLC boosted its stake in shares of SPDR SSGA My2033 Corporate Bond ETF by 27.9% in the first quarter. Lido Advisors LLC now owns 132,123 shares of the company’s stock worth $3,268,000 after buying an additional 28,781 shares during the last quarter. Private Advisor Group LLC grew its holdings in SPDR SSGA My2033 Corporate Bond ETF by 41.6% during 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 period. Finally, Global Assets Advisory LLC purchased a new position in SPDR SSGA My2033 Corporate Bond ETF during the first quarter valued at approximately $476,000.

SPDR SSGA My2033 Corporate Bond ETF Trading Up 0.2%

Shares of NASDAQ:MYCM traded up $0.04 during trading on Thursday, hitting $23.72. The stock had a trading volume of 20,211 shares, compared to its average volume of 1,558. SPDR SSGA My2033 Corporate Bond ETF has a 12-month low of $23.33 and a 12-month high of $25.30. The stock has a 50-day simple moving average of $23.79 and a two-hundred day simple moving average of $24.48.

SPDR SSGA My2033 Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a dividend of $0.0991 per share. This represents a $1.19 annualized dividend and a dividend yield of 5.0%. This is a boost from SPDR SSGA My2033 Corporate Bond ETF’s previous monthly dividend of $0.0980. The ex-dividend date of this dividend was Thursday, October 1st.

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.