SPDR SSGA My2031 Corporate Bond ETF (NASDAQ:MYCK) Short Interest Down 90.0% in May

SPDR SSGA My2031 Corporate Bond ETF (NASDAQ:MYCK) was the target of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 342 shares, a decrease of 90.0% from the May 14th total of 3,422 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 903 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of SPDR SSGA My2031 Corporate Bond ETF

Several hedge funds have recently made changes to their positions in MYCK. Jane Street Group LLC lifted its position in shares of 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 purchasing an additional 25,607 shares in the last quarter. PFG Private Wealth Management LLC acquired a new stake in shares of SPDR SSGA My2031 Corporate Bond ETF during the third quarter worth about $203,000. L2 Asset Management LLC acquired a new stake in shares of SPDR SSGA My2031 Corporate Bond ETF during the third quarter worth about $485,000. Lido Advisors LLC acquired a new stake in shares of SPDR SSGA My2031 Corporate Bond ETF during the fourth quarter worth about $2,422,000. Finally, Global Financial Private Client LLC lifted its position in shares of SPDR SSGA My2031 Corporate Bond ETF by 51.1% during the first quarter. Global Financial Private Client LLC now owns 36,905 shares of the company’s stock worth $919,000 after purchasing an additional 12,480 shares in the last quarter.

SPDR SSGA My2031 Corporate Bond ETF Stock Up 0.2%

Shares of MYCK traded up $0.05 during mid-day trading on Tuesday, hitting $24.68. 427 shares of the company’s stock were exchanged, compared to its average volume of 6,164. SPDR SSGA My2031 Corporate Bond ETF has a fifty-two week low of $24.45 and a fifty-two week high of $25.39. The stock’s 50-day moving average is $24.85 and its 200-day moving average is $25.02.

SPDR SSGA My2031 Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were given a dividend of $0.0923 per share. This is a boost from SPDR SSGA My2031 Corporate Bond ETF’s previous monthly dividend of $0.09. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Monday, June 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.