SPDR SSGA My2033 Corporate Bond ETF (NASDAQ:MYCM) Short Interest Down 90.6% in May

SPDR SSGA My2033 Corporate Bond ETF (NASDAQ:MYCM) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 265 shares, a drop of 90.6% from the May 14th total of 2,814 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 9,536 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On SPDR SSGA My2033 Corporate Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. PFG Private Wealth Management LLC purchased a new position in shares of SPDR SSGA My2033 Corporate Bond ETF in the third quarter valued at about $203,000. Jane Street Group LLC purchased a new position in shares of SPDR SSGA My2033 Corporate Bond ETF in the fourth quarter valued at about $240,000. Global Assets Advisory LLC purchased a new position in shares of SPDR SSGA My2033 Corporate Bond ETF in the first quarter valued at about $476,000. Global Financial Private Client LLC lifted its position in shares of SPDR SSGA My2033 Corporate Bond ETF by 25.7% in the first quarter. Global Financial Private Client LLC now owns 21,075 shares of the company’s stock valued at $521,000 after acquiring an additional 4,311 shares in the last quarter. Finally, Private Advisor Group LLC lifted its position in shares of SPDR SSGA My2033 Corporate Bond ETF by 41.6% in the first quarter. Private Advisor Group LLC now owns 27,089 shares of the company’s stock valued at $670,000 after acquiring an additional 7,965 shares in the last quarter.

SPDR SSGA My2033 Corporate Bond ETF Price Performance

Shares of MYCM stock remained flat at $24.49 on Thursday. The stock had a trading volume of 14 shares, compared to its average volume of 1,860. SPDR SSGA My2033 Corporate Bond ETF has a 52-week low of $24.30 and a 52-week high of $25.30. The stock’s 50-day simple moving average is $24.68 and its 200 day simple moving average is $24.87.

SPDR SSGA My2033 Corporate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were given a dividend of $0.0965 per share. This represents a c) annualized dividend and a yield of 4.7%. This is a boost from SPDR SSGA My2033 Corporate Bond ETF’s previous monthly dividend of $0.10. The ex-dividend date was Monday, June 1st.

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.