Short Interest in SPDR SSGA My2032 Corporate Bond ETF (NASDAQ:MYCL) Decreases By 35.4%

SPDR SSGA My2032 Corporate Bond ETF (NASDAQ:MYCL) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 4,193 shares, a drop of 35.4% from the May 31st total of 6,486 shares. Based on an average daily volume of 645 shares, the days-to-cover ratio is currently 6.5 days. Approximately 1.0% of the shares of the stock are sold short.

SPDR SSGA My2032 Corporate Bond ETF Price Performance

Shares of MYCL stock remained flat at $24.62 during trading hours on Friday. The stock had a trading volume of 1,554 shares, compared to its average volume of 2,064. The stock has a 50-day simple moving average of $24.66 and a two-hundred day simple moving average of $24.86. SPDR SSGA My2032 Corporate Bond ETF has a 1-year low of $24.40 and a 1-year high of $25.35.

SPDR SSGA My2032 Corporate Bond ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st will be paid a dividend of $0.0947 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 4.6%.

Institutional Trading of SPDR SSGA My2032 Corporate Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Lido Advisors LLC raised its holdings in shares of SPDR SSGA My2032 Corporate Bond ETF by 30.4% during the 1st quarter. Lido Advisors LLC now owns 130,558 shares of the company’s stock worth $3,235,000 after acquiring an additional 30,414 shares during the period. Moneco Advisors LLC acquired a new stake in SPDR SSGA My2032 Corporate Bond ETF during the fourth quarter worth about $1,514,000. Global Financial Private Client LLC increased its position in SPDR SSGA My2032 Corporate Bond ETF by 65.2% during the first quarter. Global Financial Private Client LLC now owns 27,633 shares of the company’s stock worth $685,000 after purchasing an additional 10,902 shares during the last quarter. Finally, Private Advisor Group LLC purchased a new position in SPDR SSGA My2032 Corporate Bond ETF during the first quarter worth about $268,000.

About SPDR SSGA My2032 Corporate Bond ETF

The SPDR SSgA My2032 Corporate Bond ETF (MYCL) 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 2032. Bonds are USD-denominated. MYCL was launched on Sep 23, 2024 and is issued by State Street.