Short Interest in SPDR SSGA My2030 Corporate Bond ETF (NASDAQ:MYCJ) Drops By 52.5%

SPDR SSGA My2030 Corporate Bond ETF (NASDAQ:MYCJ) was the recipient of a significant decline in short interest in April. As of April 30th, there was short interest totaling 6,549 shares, a decline of 52.5% from the April 15th total of 13,778 shares. Based on an average daily trading volume, of 10,982 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.4% of the shares of the stock are sold short.

SPDR SSGA My2030 Corporate Bond ETF Price Performance

Shares of MYCJ stock traded down $0.10 during mid-day trading on Friday, hitting $24.59. The company had a trading volume of 1,725 shares, compared to its average volume of 12,224. SPDR SSGA My2030 Corporate Bond ETF has a 52-week low of $24.36 and a 52-week high of $25.32. The stock’s 50 day moving average price is $24.79 and its 200-day moving average price is $24.94.

SPDR SSGA My2030 Corporate Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were issued a $0.0921 dividend. The ex-dividend date of this dividend was Friday, May 1st.

Hedge Funds Weigh In On SPDR SSGA My2030 Corporate Bond ETF

Several hedge funds have recently modified their holdings of the stock. Heartwood Wealth Advisors LLC lifted its holdings in shares of SPDR SSGA My2030 Corporate Bond ETF by 2.0% in the fourth quarter. Heartwood Wealth Advisors LLC now owns 348,594 shares of the company’s stock worth $8,718,000 after buying an additional 6,832 shares in the last quarter. Lido Advisors LLC lifted its holdings in shares of SPDR SSGA My2030 Corporate Bond ETF by 15.7% in the first quarter. Lido Advisors LLC now owns 203,050 shares of the company’s stock worth $5,037,000 after buying an additional 27,609 shares in the last quarter. L2 Asset Management LLC lifted its holdings in shares of SPDR SSGA My2030 Corporate Bond ETF by 6.3% in the fourth quarter. L2 Asset Management LLC now owns 63,680 shares of the company’s stock worth $1,593,000 after buying an additional 3,801 shares in the last quarter. Equitable Holdings Inc. purchased a new position in shares of SPDR SSGA My2030 Corporate Bond ETF in the fourth quarter worth $1,070,000. Finally, Farther Finance Advisors LLC purchased a new position in shares of SPDR SSGA My2030 Corporate Bond ETF in the fourth quarter worth $788,000.

SPDR SSGA My2030 Corporate Bond ETF Company Profile

The SPDR SSgA My2030 Corporate Bond ETF (MYCJ) 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 2030. Bonds are USD-denominated. MYCJ was launched on Sep 23, 2024 and is issued by State Street.