SPDR SSGA My2031 Corporate Bond ETF (NASDAQ:MYCK) Short Interest Down 86.6% in July

SPDR SSGA My2031 Corporate Bond ETF (NASDAQ:MYCK) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 2,517 shares, a decline of 86.6% from the July 15th total of 18,810 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 15,995 shares, the days-to-cover ratio is currently 0.2 days.

SPDR SSGA My2031 Corporate Bond ETF Trading Up 0.2%

MYCK traded up $0.06 on Thursday, hitting $24.61. 3,946 shares of the company’s stock were exchanged, compared to its average volume of 7,117. SPDR SSGA My2031 Corporate Bond ETF has a fifty-two week low of $24.47 and a fifty-two week high of $25.39. The firm has a 50-day moving average price of $24.66 and a 200-day moving average price of $24.86.

SPDR SSGA My2031 Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd were paid a $0.0933 dividend. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Monday, August 3rd. This is a positive change from SPDR SSGA My2031 Corporate Bond ETF’s previous monthly dividend of $0.09.

Hedge Funds Weigh In On SPDR SSGA My2031 Corporate Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lido Advisors LLC grew its stake in shares of SPDR SSGA My2031 Corporate Bond ETF by 466.2% in the 1st quarter. Lido Advisors LLC now owns 546,601 shares of the company’s stock valued at $13,613,000 after buying an additional 450,069 shares in the last quarter. Global Financial Private Client LLC raised its holdings 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 period. Jane Street Group LLC boosted 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 purchasing an additional 25,607 shares during the period. L2 Asset Management LLC boosted its position in shares of SPDR SSGA My2031 Corporate Bond ETF by 18.8% during the 4th 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 in the last quarter. Finally, Private Advisor Group LLC raised its position in SPDR SSGA My2031 Corporate Bond ETF by 57.2% in the first quarter. Private Advisor Group LLC now owns 13,577 shares of the company’s stock valued at $338,000 after purchasing an additional 4,940 shares during the last quarter.

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.