SPDR SSGA My2029 Municipal Bond ETF (NASDAQ:MYMI) Short Interest Up 108.0% in June

SPDR SSGA My2029 Municipal Bond ETF (NASDAQ:MYMI) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 14,614 shares, an increase of 108.0% from the May 31st total of 7,027 shares. Based on an average daily trading volume, of 931 shares, the short-interest ratio is currently 15.7 days. Currently, 2.7% of the shares of the company are short sold.

SPDR SSGA My2029 Municipal Bond ETF Stock Performance

Shares of NASDAQ MYMI traded up $0.05 during midday trading on Tuesday, hitting $24.79. 2,341 shares of the company’s stock were exchanged, compared to its average volume of 2,129. SPDR SSGA My2029 Municipal Bond ETF has a 12 month low of $24.25 and a 12 month high of $24.98. The company’s 50 day moving average price is $24.66 and its 200 day moving average price is $24.71.

SPDR SSGA My2029 Municipal Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were issued a dividend of $0.0566 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) annualized dividend and a yield of 2.7%.

Hedge Funds Weigh In On SPDR SSGA My2029 Municipal Bond ETF

A hedge fund recently raised its position in SPDR SSGA My2029 Municipal Bond ETF stock. Heartwood Wealth Advisors LLC grew its stake in SPDR SSGA My2029 Municipal Bond ETF (NASDAQ:MYMI) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 237,069 shares of the company’s stock after purchasing an additional 2,477 shares during the quarter. Heartwood Wealth Advisors LLC owned approximately 47.41% of SPDR SSGA My2029 Municipal Bond ETF worth $5,837,000 as of its most recent SEC filing.

About SPDR SSGA My2029 Municipal Bond ETF

The SPDR SSgA My2029 Municipal Bond ETF (MYMI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of investment grade municipal bonds with effective maturities in 2029. Bonds are USD-denominated. MYMI was launched on Sep 23, 2024 and is issued by State Street.