SPDR SSGA My2029 Corporate Bond ETF (NASDAQ:MYCI) Sees Significant Growth in Short Interest

SPDR SSGA My2029 Corporate Bond ETF (NASDAQ:MYCI) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 2,393 shares, a growth of 357.6% from the July 30th total of 523 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 3,185 shares, the days-to-cover ratio is presently 0.8 days.

SPDR SSGA My2029 Corporate Bond ETF Trading Down 0.0%

Shares of MYCI stock traded down $0.01 during trading hours on Thursday, hitting $24.69. 7,942 shares of the company’s stock were exchanged, compared to its average volume of 7,143. The business’s 50 day simple moving average is $24.68 and its 200-day simple moving average is $24.80. SPDR SSGA My2029 Corporate Bond ETF has a 12-month low of $24.58 and a 12-month high of $25.22.

SPDR SSGA My2029 Corporate Bond ETF Increases Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Private Advisor Group LLC raised 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 buying an additional 3,195 shares during the period. LPL Financial LLC lifted its holdings in shares of 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 buying an additional 3,540 shares in the last quarter. L2 Asset Management LLC boosted its holdings in shares of SPDR SSGA My2029 Corporate Bond ETF by 6.3% during the 4th quarter. L2 Asset Management LLC now owns 63,659 shares of the company’s stock valued at $1,594,000 after purchasing an additional 3,782 shares during the last quarter. Sanctuary Advisors LLC bought a new position in SPDR SSGA My2029 Corporate Bond ETF during the first quarter valued at approximately $251,000. Finally, Equitable Holdings Inc. boosted its position in shares of SPDR SSGA My2029 Corporate Bond ETF by 10.2% during the 4th quarter. Equitable Holdings Inc. now owns 112,431 shares of the company’s stock valued at $2,816,000 after acquiring an additional 10,386 shares during the last quarter.

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.