SPDR SSGA My2029 Corporate Bond ETF (NASDAQ:MYCI) Short Interest Up 259.4% in August

SPDR SSGA My2029 Corporate Bond ETF (NASDAQ:MYCI) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 8,601 shares, an increase of 259.4% from the August 15th total of 2,393 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 10,373 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Trading of SPDR SSGA My2029 Corporate Bond ETF

A number of hedge funds have recently modified their holdings of the company. Sanctuary Advisors LLC bought a new stake in shares of SPDR SSGA My2029 Corporate Bond ETF during the first quarter valued at approximately $251,000. Private Advisor Group LLC bought a new position in SPDR SSGA My2029 Corporate Bond ETF in the third quarter worth $306,000. Jane Street Group LLC boosted its stake in SPDR SSGA My2029 Corporate Bond ETF by 58.1% during the second quarter. Jane Street Group LLC now owns 37,542 shares of the company’s stock worth $937,000 after buying an additional 13,791 shares in the last quarter. LPL Financial LLC boosted its stake in SPDR SSGA My2029 Corporate Bond ETF by 8.4% during the fourth quarter. LPL Financial LLC now owns 45,754 shares of the company’s stock worth $1,146,000 after buying an additional 3,540 shares in the last quarter. Finally, L2 Asset Management LLC boosted its stake in SPDR SSGA My2029 Corporate Bond ETF by 6.3% during the fourth quarter. L2 Asset Management LLC now owns 63,659 shares of the company’s stock worth $1,594,000 after buying an additional 3,782 shares in the last quarter.

SPDR SSGA My2029 Corporate Bond ETF Stock Performance

Shares of NASDAQ:MYCI traded down $0.02 on Friday, hitting $24.40. 2,107 shares of the company were exchanged, compared to its average volume of 6,896. The company’s 50 day moving average price is $24.64 and its two-hundred day moving average price is $24.76. SPDR SSGA My2029 Corporate Bond ETF has a one year low of $24.40 and a one year high of $25.22.

SPDR SSGA My2029 Corporate Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were paid a dividend of $0.0925 per share. The ex-dividend date was Tuesday, September 1st.

About SPDR SSGA My2029 Corporate Bond ETF

The SPDR SSgA My2029 Corporate Bond ETF (MYCI) 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 2029. Bonds are USD-denominated. MYCI was launched on Sep 23, 2024 and is issued by State Street.