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

SPDR SSGA My2029 Corporate Bond ETF (NASDAQ:MYCI) saw a significant drop in short interest during the month of 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. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 19,611 shares, the days-to-cover ratio is presently 0.1 days.

SPDR SSGA My2029 Corporate Bond ETF Stock Up 0.2%

Shares of MYCI traded up $0.04 during midday trading on Friday, reaching $24.63. 2,862 shares of the stock were exchanged, compared to its average volume of 7,305. SPDR SSGA My2029 Corporate Bond ETF has a twelve month low of $24.58 and a twelve month high of $25.22. The business’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 Increases Dividend

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

Institutional Investors Weigh In On SPDR SSGA My2029 Corporate Bond ETF

Large investors have recently modified their holdings of the company. Sanctuary Advisors LLC purchased a new position in shares of SPDR SSGA My2029 Corporate Bond ETF during the first quarter worth approximately $251,000. Private Advisor Group LLC purchased a new position in SPDR SSGA My2029 Corporate Bond ETF during the 3rd quarter worth $306,000. Farther Finance Advisors LLC purchased a new position in SPDR SSGA My2029 Corporate Bond ETF during the 4th quarter worth $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 purchasing 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 purchasing an additional 3,540 shares during the period.

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.