Short Interest in SPDR SSGA My2030 Corporate Bond ETF (NASDAQ:MYCJ) Expands By 352.7%

SPDR SSGA My2030 Corporate Bond ETF (NASDAQ:MYCJ) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 13,232 shares, an increase of 352.7% from the August 15th total of 2,923 shares. Based on an average daily volume of 12,671 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.7% of the shares of the company are sold short.

Institutional Trading of SPDR SSGA My2030 Corporate Bond ETF

A number of hedge funds have recently modified their holdings of MYCJ. Private Advisor Group LLC grew its stake in SPDR SSGA My2030 Corporate Bond ETF by 25.0% during the 1st quarter. Private Advisor Group LLC now owns 10,270 shares of the company’s stock valued at $255,000 after acquiring an additional 2,055 shares in the last quarter. L2 Asset Management LLC lifted its position in shares of SPDR SSGA My2030 Corporate Bond ETF by 6.3% in the fourth quarter. L2 Asset Management LLC now owns 63,680 shares of the company’s stock worth $1,593,000 after purchasing an additional 3,801 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of SPDR SSGA My2030 Corporate Bond ETF by 21.0% during the fourth quarter. LPL Financial LLC now owns 24,856 shares of the company’s stock worth $622,000 after purchasing an additional 4,318 shares during the period. Lido Advisors LLC boosted its holdings in shares of SPDR SSGA My2030 Corporate Bond ETF by 15.7% during the first quarter. Lido Advisors LLC now owns 203,050 shares of the company’s stock worth $5,037,000 after purchasing an additional 27,609 shares during the period. Finally, Equitable Holdings Inc. purchased a new position in SPDR SSGA My2030 Corporate Bond ETF during the fourth quarter valued at approximately $1,070,000.

SPDR SSGA My2030 Corporate Bond ETF Stock Down 0.2%

SPDR SSGA My2030 Corporate Bond ETF stock traded down $0.04 during trading hours on Friday, hitting $24.11. 1,427 shares of the company traded hands, compared to its average volume of 10,122. The firm’s 50-day simple moving average is $24.45 and its two-hundred day simple moving average is $24.65. SPDR SSGA My2030 Corporate Bond ETF has a 1-year low of $24.11 and a 1-year high of $25.32.

SPDR SSGA My2030 Corporate Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were paid a $0.0921 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 4.6%.

About SPDR SSGA My2030 Corporate Bond ETF

The SPDR SSgA My2030 Corporate Bond ETF (MYCJ) 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 2030. Bonds are USD-denominated. MYCJ was launched on Sep 23, 2024 and is issued by State Street.