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

SPDR SSGA My2029 Municipal Bond ETF (NASDAQ:MYMI) was the target of 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. Currently, 2.7% of the company’s stock are short sold. Based on an average daily trading volume, of 931 shares, the short-interest ratio is currently 15.7 days.

Institutional Investors 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 increased its holdings in shares of SPDR SSGA My2029 Municipal Bond ETF (NASDAQ:MYMI) by 1.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 237,069 shares of the company’s stock after purchasing an additional 2,477 shares during the period. Heartwood Wealth Advisors LLC owned 47.41% of SPDR SSGA My2029 Municipal Bond ETF worth $5,837,000 as of its most recent filing with the SEC.

SPDR SSGA My2029 Municipal Bond ETF Stock Performance

MYMI stock traded up $0.05 during trading hours on Tuesday, reaching $24.79. The stock had a trading volume of 2,341 shares, compared to its average volume of 2,129. The stock has a 50-day simple moving average of $24.66 and a 200 day simple moving average of $24.71. SPDR SSGA My2029 Municipal Bond ETF has a fifty-two week low of $24.25 and a fifty-two week high of $24.98.

SPDR SSGA My2029 Municipal Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were issued a $0.0566 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, June 1st.

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.