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

SPDR SSGA My2029 Corporate Bond ETF (NASDAQ:MYCI) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 1,306 shares, a drop of 91.8% from the June 30th total of 15,941 shares. Based on an average daily 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.

Hedge Funds Weigh In On SPDR SSGA My2029 Corporate Bond ETF

Hedge funds have recently made changes to their positions in the business. Sanctuary Advisors LLC acquired a new position in shares of SPDR SSGA My2029 Corporate Bond ETF in the 1st quarter valued at $251,000. Private Advisor Group LLC acquired a new stake in shares of SPDR SSGA My2029 Corporate Bond ETF during the 3rd quarter valued at about $306,000. Farther Finance Advisors LLC acquired a new stake in shares of SPDR SSGA My2029 Corporate Bond ETF during the 4th quarter valued at about $784,000. Jane Street Group LLC increased its stake in SPDR SSGA My2029 Corporate Bond ETF by 58.1% in 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% in 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.

SPDR SSGA My2029 Corporate Bond ETF Stock Performance

Shares of MYCI traded up $0.04 on Friday, reaching $24.63. 2,862 shares of the stock traded hands, compared to its average volume of 7,305. The stock’s 50-day moving average price is $24.71 and its 200-day moving average price is $24.87. SPDR SSGA My2029 Corporate Bond ETF has a 12 month low of $24.58 and a 12 month high of $25.22.

SPDR SSGA My2029 Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Shareholders 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) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Wednesday, July 1st.

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.