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

SPDR SSGA My2029 Corporate Bond ETF (NASDAQ:MYCI) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 15,941 shares, an increase of 158.2% from the June 15th total of 6,174 shares. Based on an average daily volume of 5,109 shares, the short-interest ratio is presently 3.1 days. Currently, 1.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On SPDR SSGA My2029 Corporate Bond ETF

Hedge funds have recently added to or reduced their stakes in the business. Lido Advisors LLC acquired a new position in SPDR SSGA My2029 Corporate Bond ETF in the 4th quarter valued at approximately $5,689,000. L2 Asset Management LLC acquired a new position in shares of SPDR SSGA My2029 Corporate Bond ETF during the third quarter worth $1,502,000. Farther Finance Advisors LLC acquired a new position in shares of SPDR SSGA My2029 Corporate Bond ETF during the fourth quarter worth $784,000. Heartwood Wealth Advisors LLC grew its stake in shares of SPDR SSGA My2029 Corporate Bond ETF by 2.1% in the fourth quarter. Heartwood Wealth Advisors LLC now owns 345,676 shares of the company’s stock worth $8,658,000 after purchasing an additional 7,019 shares during the last quarter. Finally, Private Advisor Group LLC grew its stake in shares of SPDR SSGA My2029 Corporate Bond ETF by 23.4% in the first quarter. Private Advisor Group LLC now owns 16,850 shares of the company’s stock worth $419,000 after purchasing an additional 3,195 shares during the last quarter.

SPDR SSGA My2029 Corporate Bond ETF Trading Down 0.2%

SPDR SSGA My2029 Corporate Bond ETF stock opened at $24.61 on Tuesday. The stock has a 50-day moving average price of $24.73 and a two-hundred day moving average price of $24.89. SPDR SSGA My2029 Corporate Bond ETF has a 12 month low of $24.61 and a 12 month high of $25.22.

SPDR SSGA My2029 Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were issued a $0.0925 dividend. This is a boost from SPDR SSGA My2029 Corporate Bond ETF’s previous monthly dividend of $0.09. The ex-dividend date was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 4.5%.

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.