SPDR SSGA My2029 Corporate Bond ETF (NASDAQ:MYCI) Short Interest Update

SPDR SSGA My2029 Corporate Bond ETF (NASDAQ:MYCI) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 8,601 shares, an increase of 259.4% from the August 15th total of 2,393 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 10,373 shares, the short-interest ratio is currently 0.8 days.

Institutional Investors Weigh In On SPDR SSGA My2029 Corporate Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Lido Advisors LLC grew its holdings in SPDR SSGA My2029 Corporate Bond ETF by 8.7% in 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. Sanctuary Advisors LLC purchased a new position in shares of SPDR SSGA My2029 Corporate Bond ETF during the 1st quarter worth about $251,000. Private Advisor Group LLC boosted its position 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 acquiring an additional 3,195 shares during the last quarter. Equitable Holdings Inc. boosted its position in shares of SPDR SSGA My2029 Corporate Bond ETF by 10.2% in the fourth quarter. Equitable Holdings Inc. now owns 112,431 shares of the company’s stock worth $2,816,000 after acquiring an additional 10,386 shares during the last quarter. Finally, L2 Asset Management LLC grew its holdings in 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 valued at $1,594,000 after purchasing an additional 3,782 shares during the period.

SPDR SSGA My2029 Corporate Bond ETF Stock Performance

Shares of MYCI traded down $0.02 on Friday, hitting $24.40. 2,107 shares of the stock traded hands, compared to its average volume of 6,896. SPDR SSGA My2029 Corporate Bond ETF has a 1 year low of $24.40 and a 1 year high of $25.22. The stock’s 50 day moving average is $24.64 and its two-hundred day moving average is $24.76.

SPDR SSGA My2029 Corporate Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were issued a $0.0925 dividend. The ex-dividend date was Tuesday, September 1st.

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.