SPDR SSGA My2033 Corporate Bond ETF (NASDAQ:MYCM – Get Free Report) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 403 shares, an increase of 315.5% from the September 30th total of 97 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 482 shares, the short-interest ratio is presently 0.8 days.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in MYCM. Global Assets Advisory LLC acquired a new stake in shares of SPDR SSGA My2033 Corporate Bond ETF during the 1st quarter worth about $476,000. Private Advisor Group LLC lifted its stake in SPDR SSGA My2033 Corporate Bond ETF by 41.6% during the first 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 during the last quarter. Finally, Lido Advisors LLC lifted its stake in SPDR SSGA My2033 Corporate Bond ETF by 27.9% during the first quarter. Lido Advisors LLC now owns 132,123 shares of the company’s stock worth $3,268,000 after purchasing an additional 28,781 shares during the last quarter.
SPDR SSGA My2033 Corporate Bond ETF Price Performance
NASDAQ:MYCM opened at $23.72 on Friday. SPDR SSGA My2033 Corporate Bond ETF has a 12 month low of $23.33 and a 12 month high of $25.30. The business’s fifty day moving average price is $23.78 and its 200 day moving average price is $24.47.
SPDR SSGA My2033 Corporate Bond ETF Increases Dividend
The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were given a dividend of $0.0991 per share. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $1.19 annualized dividend and a dividend yield of 5.0%. This is an increase from SPDR SSGA My2033 Corporate Bond ETF’s previous monthly dividend of $0.0980.
About SPDR SSGA My2033 Corporate Bond ETF
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.
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