SPDR SSGA My2031 Corporate Bond ETF (NASDAQ:MYCK) Stock Short Interest Jumps 56.7%

SPDR SSGA My2031 Corporate Bond ETF (NASDAQ:MYCK) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 3,077 shares, a growth of 56.7% from the August 31st total of 1,963 shares. Based on an average trading volume of 4,700 shares, the short-interest ratio is currently 0.7 days. Approximately 0.3% of the company’s shares are short sold.

Institutional Investors Weigh In On SPDR SSGA My2031 Corporate Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in MYCK. Lido Advisors LLC lifted its stake in 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 in the last quarter. Citadel Advisors LLC lifted its stake in SPDR SSGA My2031 Corporate Bond ETF by 237.8% during 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. Global Financial Private Client LLC boosted its holdings in SPDR SSGA My2031 Corporate Bond ETF by 51.1% during the 1st quarter. Global Financial Private Client LLC now owns 36,905 shares of the company’s stock valued at $919,000 after acquiring an additional 12,480 shares during the period. Private Advisor Group LLC grew its position in SPDR SSGA My2031 Corporate Bond ETF by 57.2% in the 1st quarter. Private Advisor Group LLC now owns 13,577 shares of the company’s stock valued at $338,000 after acquiring an additional 4,940 shares in the last quarter. Finally, L2 Asset Management LLC increased its stake in 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 purchasing an additional 3,615 shares during the period.

SPDR SSGA My2031 Corporate Bond ETF Price Performance

NASDAQ:MYCK traded up $0.02 on Friday, reaching $23.86. The company’s stock had a trading volume of 2,359 shares, compared to its average volume of 6,538. SPDR SSGA My2031 Corporate Bond ETF has a 12-month low of $23.73 and a 12-month high of $25.39. The stock has a 50 day moving average price of $24.35 and a 200 day moving average price of $24.64.

SPDR SSGA My2031 Corporate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st will be given a $0.0955 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This is an increase from SPDR SSGA My2031 Corporate Bond ETF’s previous monthly dividend of $0.0930. This represents a $1.15 dividend on an annualized basis and a yield of 4.8%.

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.