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

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

SPDR SSGA My2029 Corporate Bond ETF Price Performance

MYCI stock opened at $24.61 on Tuesday. The stock has a 50-day moving average price of $24.73 and a 200-day moving average price of $24.89. SPDR SSGA My2029 Corporate Bond ETF has a 1-year low of $24.61 and a 1-year high of $25.22.

SPDR SSGA My2029 Corporate Bond ETF Increases Dividend

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

Hedge Funds Weigh In On SPDR SSGA My2029 Corporate Bond ETF

Several institutional investors have recently added to or reduced their stakes in MYCI. Private Advisor Group LLC boosted its holdings in shares of SPDR SSGA My2029 Corporate Bond ETF by 23.4% during the 1st quarter. Private Advisor Group LLC now owns 16,850 shares of the company’s stock worth $419,000 after buying an additional 3,195 shares in the last quarter. LPL Financial LLC increased its stake in shares of SPDR SSGA My2029 Corporate Bond ETF by 8.4% in the 4th 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 in the last quarter. L2 Asset Management LLC increased its stake in shares of SPDR SSGA My2029 Corporate Bond ETF by 6.3% in the 4th quarter. L2 Asset Management LLC now owns 63,659 shares of the company’s stock valued at $1,594,000 after acquiring an additional 3,782 shares in the last quarter. Heartwood Wealth Advisors LLC lifted its position in shares of SPDR SSGA My2029 Corporate Bond ETF by 2.1% during the 4th quarter. Heartwood Wealth Advisors LLC now owns 345,676 shares of the company’s stock valued at $8,658,000 after acquiring an additional 7,019 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in shares of SPDR SSGA My2029 Corporate Bond ETF during the 1st quarter valued at $251,000.

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.