SPDR SSGA My2033 Corporate Bond ETF (NASDAQ:MYCM) Sees Significant Decrease in Short Interest

SPDR SSGA My2033 Corporate Bond ETF (NASDAQ:MYCM) saw a large decline in short interest during the month of October. As of October 30th, there was short interest totaling 58 shares, a decline of 85.6% from the October 15th total of 403 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 2,289 shares, the short-interest ratio is currently 0.0 days.

SPDR SSGA My2033 Corporate Bond ETF Trading Down 0.0%

Shares of SPDR SSGA My2033 Corporate Bond ETF stock traded down $0.00 during trading hours on Wednesday, reaching $23.64. 338 shares of the company’s stock were exchanged, compared to its average volume of 1,564. SPDR SSGA My2033 Corporate Bond ETF has a 52-week low of $23.33 and a 52-week high of $25.30. The company has a fifty day moving average of $23.69 and a 200-day moving average of $24.42.

SPDR SSGA My2033 Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, November 5th. Investors of record on Monday, November 2nd were paid a $0.0990 dividend. The ex-dividend date was Monday, November 2nd. This is a decrease from SPDR SSGA My2033 Corporate Bond ETF’s previous monthly dividend of $0.0991. This represents a $1.19 annualized dividend and a yield of 5.0%.

Hedge Funds Weigh In On SPDR SSGA My2033 Corporate Bond ETF

An institutional investor recently raised its stake in SPDR SSGA My2033 Corporate Bond ETF stock. Lido Advisors LLC boosted its holdings in SPDR SSGA My2033 Corporate Bond ETF (NASDAQ:MYCM) by 27.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 132,123 shares of the company’s stock after buying an additional 28,781 shares during the period. Lido Advisors LLC owned 44.04% of SPDR SSGA My2033 Corporate Bond ETF worth $3,268,000 at the end of the most recent reporting period.

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.