Short Interest in SPDR SSGA My2029 Corporate Bond ETF (NASDAQ:MYCI) Drops By 91.8%

SPDR SSGA My2029 Corporate Bond ETF (NASDAQ:MYCI) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 1,306 shares, a decrease of 91.8% from the June 30th total of 15,941 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 19,611 shares, the days-to-cover ratio is currently 0.1 days.

SPDR SSGA My2029 Corporate Bond ETF Trading Up 0.2%

Shares of NASDAQ:MYCI traded up $0.04 during 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 12 month low of $24.58 and a 12 month high of $25.22. The stock has a 50-day moving average price of $24.71 and a 200-day moving average price of $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. Investors of record on Wednesday, July 1st were issued a dividend of $0.0925 per share. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Wednesday, July 1st. This is an increase from SPDR SSGA My2029 Corporate Bond ETF’s previous monthly dividend of $0.09.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lido Advisors LLC acquired a new stake in shares of SPDR SSGA My2029 Corporate Bond ETF during the fourth quarter worth $5,689,000. Farther Finance Advisors LLC acquired a new position in shares of 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% during the second quarter. Jane Street Group LLC now owns 37,542 shares of the company’s stock worth $937,000 after acquiring an additional 13,791 shares during the period. Equitable Holdings Inc. increased its position in SPDR SSGA My2029 Corporate Bond ETF by 14.5% during the third quarter. Equitable Holdings Inc. now owns 102,045 shares of the company’s stock worth $2,560,000 after acquiring an additional 12,954 shares during the period. Finally, Private Advisor Group LLC acquired a new stake in SPDR SSGA My2029 Corporate Bond ETF in the 3rd quarter worth about $306,000.

SPDR SSGA My2029 Corporate Bond ETF Company Profile

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.