Short Interest in SPDR SSGA My2033 Corporate Bond ETF (NASDAQ:MYCM) Increases By 1,043.9%

SPDR SSGA My2033 Corporate Bond ETF (NASDAQ:MYCMGet Free Report) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 2,814 shares, a growth of 1,043.9% from the April 30th total of 246 shares. Approximately 0.9% of the company’s shares are short sold. Based on an average trading volume of 931 shares, the days-to-cover ratio is presently 3.0 days.

Hedge Funds Weigh In On SPDR SSGA My2033 Corporate Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in MYCM. Jane Street Group LLC boosted its position in shares of SPDR SSGA My2033 Corporate Bond ETF by 191.3% during the 1st quarter. Jane Street Group LLC now owns 45,657 shares of the company’s stock worth $1,113,000 after purchasing an additional 29,986 shares in the last quarter. PFG Private Wealth Management LLC bought a new position in shares of SPDR SSGA My2033 Corporate Bond ETF during the 3rd quarter worth about $203,000. Lido Advisors LLC bought a new position in shares of SPDR SSGA My2033 Corporate Bond ETF during the 4th quarter worth about $2,579,000. Global Financial Private Client LLC boosted its position in shares of SPDR SSGA My2033 Corporate Bond ETF by 25.7% during the 1st quarter. Global Financial Private Client LLC now owns 21,075 shares of the company’s stock worth $521,000 after purchasing an additional 4,311 shares in the last quarter. Finally, Private Advisor Group LLC boosted its position in shares of SPDR SSGA My2033 Corporate Bond ETF by 41.6% during the 1st quarter. Private Advisor Group LLC now owns 27,089 shares of the company’s stock worth $670,000 after purchasing an additional 7,965 shares in the last quarter.

SPDR SSGA My2033 Corporate Bond ETF Stock Performance

MYCM traded up $0.01 during trading on Wednesday, reaching $24.67. 992 shares of the stock traded hands, compared to its average volume of 2,025. The stock’s 50-day moving average is $24.69 and its 200 day moving average is $24.90. SPDR SSGA My2033 Corporate Bond ETF has a 12 month low of $24.14 and a 12 month high of $25.30.

SPDR SSGA My2033 Corporate Bond ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were given a dividend of $0.096 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Friday, May 1st.

SPDR SSGA My2033 Corporate Bond ETF Company Profile

(Get Free Report)

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.

Further Reading

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