SPDR SSGA My2029 Corporate Bond ETF (NASDAQ:MYCI) Short Interest Update

SPDR SSGA My2029 Corporate Bond ETF (NASDAQ:MYCI) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 1,306 shares, a decrease of 91.8% from the June 30th total of 15,941 shares. Based on an average trading volume of 19,611 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

SPDR SSGA My2029 Corporate Bond ETF Trading Up 0.2%

Shares of SPDR SSGA My2029 Corporate Bond ETF stock traded up $0.04 during midday trading on Friday, hitting $24.63. The company had a trading volume of 2,862 shares, compared to its average volume of 7,305. SPDR SSGA My2029 Corporate Bond ETF has a 1-year low of $24.58 and a 1-year high of $25.22. The business’s 50 day simple moving average is $24.71 and its two-hundred day simple moving average is $24.87.

SPDR SSGA My2029 Corporate Bond ETF Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sanctuary Advisors LLC acquired a new position in shares of SPDR SSGA My2029 Corporate Bond ETF during the first quarter valued at about $251,000. Private Advisor Group LLC acquired a new stake in SPDR SSGA My2029 Corporate Bond ETF during the third quarter worth about $306,000. Farther Finance Advisors LLC acquired a new stake in SPDR SSGA My2029 Corporate Bond ETF during the fourth quarter worth about $784,000. Jane Street Group LLC increased 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 valued at $937,000 after acquiring an additional 13,791 shares during the period. Finally, LPL Financial LLC increased 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 valued at $1,146,000 after acquiring an additional 3,540 shares during the period.

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.