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

SPDR SSGA My2031 Corporate Bond ETF (NASDAQ:MYCK) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 2,517 shares, a drop of 86.6% from the July 15th total of 18,810 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 15,995 shares, the short-interest ratio is presently 0.2 days.

SPDR SSGA My2031 Corporate Bond ETF Trading Down 0.2%

Shares of MYCK stock traded down $0.05 on Friday, reaching $24.56. 1,049 shares of the stock were exchanged, compared to its average volume of 7,078. SPDR SSGA My2031 Corporate Bond ETF has a one year low of $24.47 and a one year high of $25.39. The stock 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 announced a monthly dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd were given a dividend of $0.0933 per share. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Monday, August 3rd. This is a boost from SPDR SSGA My2031 Corporate Bond ETF’s previous monthly dividend of $0.09.

Institutional Investors Weigh In On SPDR SSGA My2031 Corporate Bond ETF

Several institutional investors have recently modified their holdings of MYCK. Lido Advisors LLC lifted its holdings in SPDR SSGA My2031 Corporate Bond ETF by 466.2% in the first 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 during the period. Private Advisor Group LLC raised its position in shares of SPDR SSGA My2031 Corporate Bond ETF by 57.2% during 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 during the last quarter. Global Financial Private Client LLC lifted its stake in shares of SPDR SSGA My2031 Corporate Bond ETF by 51.1% in the 1st quarter. Global Financial Private Client LLC now owns 36,905 shares of the company’s stock valued at $919,000 after purchasing an additional 12,480 shares during the period. L2 Asset Management LLC lifted its stake in shares of SPDR SSGA My2031 Corporate Bond ETF by 18.8% in the 4th quarter. L2 Asset Management LLC now owns 22,876 shares of the company’s stock valued at $574,000 after purchasing an additional 3,615 shares during the period. Finally, Jane Street Group LLC boosted its position in shares of 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 worth $892,000 after purchasing an additional 25,607 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.