SPDR SSGA My2031 Corporate Bond ETF (NASDAQ:MYCK) Sees Large Growth in Short Interest

SPDR SSGA My2031 Corporate Bond ETF (NASDAQ:MYCK) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 18,810 shares, a growth of 7,305.5% from the June 30th total of 254 shares. Approximately 2.1% of the company’s stock are short sold. Based on an average daily trading volume, of 15,631 shares, the days-to-cover ratio is presently 1.2 days.

SPDR SSGA My2031 Corporate Bond ETF Stock Performance

Shares of NASDAQ:MYCK opened at $24.51 on Friday. The stock’s fifty day simple moving average is $24.71 and its two-hundred day simple moving average is $24.92. SPDR SSGA My2031 Corporate Bond ETF has a 1-year low of $24.47 and a 1-year high of $25.39.

SPDR SSGA My2031 Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were issued a $0.0921 dividend. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 4.5%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Private Advisor Group LLC boosted its holdings in 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 worth $338,000 after purchasing an additional 4,940 shares during the last quarter. L2 Asset Management LLC purchased a new stake in SPDR SSGA My2031 Corporate Bond ETF in the 3rd quarter valued at about $485,000. Jane Street Group LLC increased its stake in SPDR SSGA My2031 Corporate Bond ETF by 238.9% in the 1st quarter. Jane Street Group LLC now owns 36,325 shares of the company’s stock valued at $892,000 after buying an additional 25,607 shares during the last quarter. Global Financial Private Client LLC lifted its position in shares of SPDR SSGA My2031 Corporate Bond ETF by 51.1% during the 1st quarter. Global Financial Private Client LLC now owns 36,905 shares of the company’s stock worth $919,000 after buying an additional 12,480 shares in the last quarter. Finally, Lido Advisors LLC bought a new position in shares of SPDR SSGA My2031 Corporate Bond ETF during the 4th quarter worth approximately $2,422,000.

SPDR SSGA My2031 Corporate Bond ETF Company Profile

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.