Short Interest in SPDR SSGA My2029 Corporate Bond ETF (NASDAQ:MYCI) Expands By 158.2%

SPDR SSGA My2029 Corporate Bond ETF (NASDAQ:MYCI) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 15,941 shares, a growth of 158.2% from the June 15th total of 6,174 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average trading volume of 5,109 shares, the days-to-cover ratio is presently 3.1 days.

Hedge Funds Weigh In On SPDR SSGA My2029 Corporate Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in MYCI. Lido Advisors LLC grew its stake in shares of SPDR SSGA My2029 Corporate Bond ETF by 8.7% in the 1st quarter. Lido Advisors LLC now owns 246,913 shares of the company’s stock valued at $6,143,000 after purchasing an additional 19,787 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of SPDR SSGA My2029 Corporate Bond ETF during the 1st quarter worth approximately $251,000. Private Advisor Group LLC lifted its holdings in shares of SPDR SSGA My2029 Corporate Bond ETF by 23.4% in the 1st quarter. Private Advisor Group LLC now owns 16,850 shares of the company’s stock valued at $419,000 after buying an additional 3,195 shares during the period. Equitable Holdings Inc. boosted its stake in shares of SPDR SSGA My2029 Corporate Bond ETF by 10.2% in the fourth quarter. Equitable Holdings Inc. now owns 112,431 shares of the company’s stock valued at $2,816,000 after buying an additional 10,386 shares in the last quarter. Finally, L2 Asset Management LLC grew its holdings 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 acquiring an additional 3,782 shares during the period.

SPDR SSGA My2029 Corporate Bond ETF Stock Up 0.2%

Shares of SPDR SSGA My2029 Corporate Bond ETF stock opened at $24.70 on Thursday. The firm’s fifty day simple moving average is $24.73 and its 200-day simple moving average is $24.89. SPDR SSGA My2029 Corporate Bond ETF has a 12 month low of $24.61 and a 12 month high of $25.22.

SPDR SSGA My2029 Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were paid a $0.0925 dividend. This is a boost from SPDR SSGA My2029 Corporate Bond ETF’s previous monthly dividend of $0.09. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Wednesday, July 1st.

SPDR SSGA My2029 Corporate Bond ETF Company Profile

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.