SPDR SSGA My2031 Corporate Bond ETF (NASDAQ:MYCK) Shares Shorted: Short Interest Up 1,439.4% in October

SPDR SSGA My2031 Corporate Bond ETF (NASDAQ:MYCK) was the target of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 28,587 shares, an increase of 1,439.4% from the October 15th total of 1,857 shares. Approximately 2.5% of the company’s stock are short sold. Based on an average daily trading volume, of 6,588 shares, the short-interest ratio is presently 4.3 days.

SPDR SSGA My2031 Corporate Bond ETF Trading Down 0.0%

MYCK traded down $0.01 during trading on Wednesday, hitting $24.01. The company had a trading volume of 55,962 shares, compared to its average volume of 7,245. The business has a 50-day moving average of $24.05 and a 200-day moving average of $24.64. SPDR SSGA My2031 Corporate Bond ETF has a 1-year low of $23.73 and a 1-year high of $26.19.

SPDR SSGA My2031 Corporate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd were given a $0.0963 dividend. This represents a $1.16 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Monday, November 2nd. This is an increase from SPDR SSGA My2031 Corporate Bond ETF’s previous monthly dividend of $0.0955.

Institutional Investors Weigh In On SPDR SSGA My2031 Corporate Bond ETF

Institutional investors have recently modified their holdings of the stock. Lido Advisors LLC lifted its position in shares of SPDR SSGA My2031 Corporate Bond ETF by 466.2% during the first quarter. Lido Advisors LLC now owns 546,601 shares of the company’s stock worth $13,613,000 after purchasing an additional 450,069 shares during the last quarter. Moneco Advisors LLC acquired a new position in shares of SPDR SSGA My2031 Corporate Bond ETF in the 3rd quarter worth approximately $840,000. Citadel Advisors LLC grew its position in shares of SPDR SSGA My2031 Corporate Bond ETF by 237.8% in the 2nd quarter. Citadel Advisors LLC now owns 33,268 shares of the company’s stock worth $825,000 after acquiring an additional 23,419 shares in the last quarter. Finally, Private Advisor Group LLC acquired a new position in shares of SPDR SSGA My2031 Corporate Bond ETF in the 3rd quarter worth approximately $458,000.

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.