SPDR SSGA My2032 Corporate Bond ETF (NASDAQ:MYCL) Sees Significant Drop in Short Interest

SPDR SSGA My2032 Corporate Bond ETF (NASDAQ:MYCLGet Free Report) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 2,202 shares, a decrease of 45.1% from the August 15th total of 4,014 shares. Based on an average daily volume of 2,323 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.4% of the shares of the stock are short sold.

SPDR SSGA My2032 Corporate Bond ETF Price Performance

SPDR SSGA My2032 Corporate Bond ETF stock traded down $0.03 during mid-day trading on Tuesday, hitting $23.85. The stock had a trading volume of 716 shares, compared to its average volume of 2,607. The stock has a 50-day simple moving average of $24.34 and a two-hundred day simple moving average of $24.61. SPDR SSGA My2032 Corporate Bond ETF has a 12 month low of $23.84 and a 12 month high of $25.35.

Hedge Funds Weigh In On SPDR SSGA My2032 Corporate Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Lido Advisors LLC raised its holdings in shares of SPDR SSGA My2032 Corporate Bond ETF by 30.4% during the first 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. Private Advisor Group LLC acquired a new position in SPDR SSGA My2032 Corporate Bond ETF during the first quarter valued at approximately $268,000. Finally, Global Financial Private Client LLC increased its position in shares of SPDR SSGA My2032 Corporate Bond ETF by 65.2% during the 1st 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.

About SPDR SSGA My2032 Corporate Bond ETF

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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.

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