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

SPDR SSGA My2031 Corporate Bond ETF (NASDAQ:MYCK) saw a significant decrease in short interest during the month of 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. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 903 shares, the short-interest ratio is currently 0.4 days.

SPDR SSGA My2031 Corporate Bond ETF Stock Performance

SPDR SSGA My2031 Corporate Bond ETF stock traded up $0.05 during mid-day trading on Tuesday, hitting $24.68. The company had a trading volume of 427 shares, compared to its average volume of 6,164. SPDR SSGA My2031 Corporate Bond ETF has a 1 year low of $24.45 and a 1 year high of $25.39. The business has a fifty day moving average of $24.85 and a 200 day moving average of $25.02.

SPDR SSGA My2031 Corporate Bond ETF Increases Dividend

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

Hedge Funds Weigh In On SPDR SSGA My2031 Corporate Bond ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Lido Advisors LLC increased its stake in SPDR SSGA My2031 Corporate Bond ETF by 466.2% in the first quarter. Lido Advisors LLC now owns 546,601 shares of the company’s stock valued at $13,613,000 after purchasing an additional 450,069 shares during the last quarter. Global Financial Private Client LLC grew 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 acquiring an additional 12,480 shares during the last quarter. Jane Street Group LLC grew 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 acquiring an additional 25,607 shares during the last quarter. L2 Asset Management LLC grew its position in shares of SPDR SSGA My2031 Corporate Bond ETF by 18.8% during the fourth quarter. L2 Asset Management LLC now owns 22,876 shares of the company’s stock worth $574,000 after acquiring an additional 3,615 shares during the last quarter. Finally, Private Advisor Group LLC grew its position in shares of 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 acquiring an additional 4,940 shares during the last quarter.

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.