SPDR SSGA My2029 Municipal Bond ETF (NASDAQ:MYMI) Sees Large Growth in Short Interest

SPDR SSGA My2029 Municipal Bond ETF (NASDAQ:MYMIGet Free Report) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 14,614 shares, a growth of 108.0% from the May 31st total of 7,027 shares. Based on an average trading volume of 931 shares, the days-to-cover ratio is currently 15.7 days. Approximately 2.7% of the shares of the stock are short sold.

SPDR SSGA My2029 Municipal Bond ETF Stock Performance

Shares of MYMI traded down $0.07 during mid-day trading on Wednesday, hitting $24.67. The company’s stock had a trading volume of 1,248 shares, compared to its average volume of 2,105. The firm has a 50-day moving average price of $24.66 and a 200 day moving average price 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 Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st will be given a $0.0593 dividend. This is an increase from SPDR SSGA My2029 Municipal Bond ETF’s previous dividend of $0.06. The ex-dividend date of this dividend is Wednesday, July 1st.

Institutional Investors Weigh In On SPDR SSGA My2029 Municipal Bond ETF

An institutional investor recently raised its stake in SPDR SSGA My2029 Municipal Bond ETF stock. Heartwood Wealth Advisors LLC raised its stake in SPDR SSGA My2029 Municipal Bond ETF (NASDAQ:MYMIFree Report) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 237,069 shares of the company’s stock after buying an additional 2,477 shares during the quarter. Heartwood Wealth Advisors LLC owned 47.41% of SPDR SSGA My2029 Municipal Bond ETF worth $5,837,000 at the end of the most recent reporting period.

SPDR SSGA My2029 Municipal Bond ETF Company Profile

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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.

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