SPDR SSGA My2029 Corporate Bond ETF (NASDAQ:MYCI) Short Interest Up 158.2% in June

SPDR SSGA My2029 Corporate Bond ETF (NASDAQ:MYCI) was the recipient of a significant increase in short interest during the month of 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 trading volume of 5,109 shares, the short-interest ratio is currently 3.1 days. Approximately 1.1% of the company’s stock are sold short.

SPDR SSGA My2029 Corporate Bond ETF Price Performance

Shares of MYCI traded up $0.04 during trading hours on Wednesday, hitting $24.70. The company had a trading volume of 3,254 shares, compared to its average volume of 6,720. The firm has a fifty day moving average price of $24.73 and a 200-day moving average price of $24.89. SPDR SSGA My2029 Corporate Bond ETF has a 52-week low of $24.61 and a 52-week high of $25.22.

SPDR SSGA My2029 Corporate Bond ETF Increases Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in MYCI. Heartwood Wealth Advisors LLC boosted its holdings in 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. Lido Advisors LLC lifted its holdings in shares of SPDR SSGA My2029 Corporate Bond ETF by 8.7% during the 1st quarter. Lido Advisors LLC now owns 246,913 shares of the company’s stock valued at $6,143,000 after buying an additional 19,787 shares during the period. Equitable Holdings Inc. boosted its stake in shares of SPDR SSGA My2029 Corporate Bond ETF by 10.2% in the 4th quarter. Equitable Holdings Inc. now owns 112,431 shares of the company’s stock worth $2,816,000 after buying an additional 10,386 shares during the last quarter. L2 Asset Management LLC grew its holdings in shares of SPDR SSGA My2029 Corporate Bond ETF by 6.3% in the fourth quarter. L2 Asset Management LLC now owns 63,659 shares of the company’s stock worth $1,594,000 after acquiring an additional 3,782 shares during the period. Finally, LPL Financial LLC grew 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 acquiring 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.