SPDR SSGA My2030 Corporate Bond ETF (NASDAQ:MYCJ) Stock Short Interest Climbs 97.9%

SPDR SSGA My2030 Corporate Bond ETF (NASDAQ:MYCJ) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 24,667 shares, a growth of 97.9% from the September 30th total of 12,466 shares. Based on an average daily trading volume, of 21,695 shares, the short-interest ratio is presently 1.1 days. Approximately 1.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Heartwood Wealth Advisors LLC increased its holdings in SPDR SSGA My2030 Corporate Bond ETF by 2.1% in the 3rd quarter. Heartwood Wealth Advisors LLC now owns 409,472 shares of the company’s stock valued at $9,799,000 after buying an additional 8,570 shares during the period. Lido Advisors LLC boosted its position in shares of SPDR SSGA My2030 Corporate Bond ETF by 15.7% during the 1st quarter. Lido Advisors LLC now owns 203,050 shares of the company’s stock worth $5,037,000 after acquiring an additional 27,609 shares in the last quarter. Finally, Private Advisor Group LLC boosted its position in shares of 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 worth $255,000 after acquiring an additional 2,055 shares in the last quarter.

SPDR SSGA My2030 Corporate Bond ETF Stock Performance

Shares of MYCJ traded down $0.07 during midday trading on Monday, reaching $24.11. The stock had a trading volume of 1,328 shares, compared to its average volume of 10,455. The firm has a 50 day simple moving average of $24.13 and a 200-day simple moving average of $24.60. SPDR SSGA My2030 Corporate Bond ETF has a one year low of $23.81 and a one year high of $25.31.

SPDR SSGA My2030 Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were given a $0.0932 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This is a boost from SPDR SSGA My2030 Corporate Bond ETF’s previous monthly dividend of $0.0921. This represents a $1.12 dividend on an annualized basis and a dividend 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.