SPDR SSGA My2029 Corporate Bond ETF (NASDAQ:MYCI) Sees Large Drop in Short Interest

SPDR SSGA My2029 Corporate Bond ETF (NASDAQ:MYCI) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 523 shares, a drop of 60.0% from the July 15th total of 1,306 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 11,364 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On SPDR SSGA My2029 Corporate Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in MYCI. Sanctuary Advisors LLC acquired a new position in shares of SPDR SSGA My2029 Corporate Bond ETF during the first quarter valued at $251,000. Private Advisor Group LLC bought a new position in SPDR SSGA My2029 Corporate Bond ETF in the third quarter valued at about $306,000. Farther Finance Advisors LLC bought a new position in SPDR SSGA My2029 Corporate Bond ETF in the fourth quarter valued at about $784,000. Jane Street Group LLC increased its position 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 worth $937,000 after purchasing an additional 13,791 shares during the period. Finally, LPL Financial LLC increased its position 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 worth $1,146,000 after purchasing an additional 3,540 shares during the period.

SPDR SSGA My2029 Corporate Bond ETF Stock Performance

MYCI stock opened at $24.70 on Friday. The company has a 50 day moving average price of $24.69 and a 200 day moving average price of $24.83. SPDR SSGA My2029 Corporate Bond ETF has a fifty-two week low of $24.58 and a fifty-two week high of $25.22.

SPDR SSGA My2029 Corporate Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd were paid a $0.0933 dividend. This is an increase from SPDR SSGA My2029 Corporate Bond ETF’s previous dividend of $0.09. The ex-dividend date of this dividend was Monday, August 3rd.

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.