SPDR SSGA My2030 Corporate Bond ETF (NASDAQ:MYCJ) Sees Large Decrease in Short Interest

SPDR SSGA My2030 Corporate Bond ETF (NASDAQ:MYCJ) was the target of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 1,813 shares, a decrease of 86.8% from the June 15th total of 13,771 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 10,142 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Private Advisor Group LLC boosted its position in shares of SPDR SSGA My2030 Corporate Bond ETF by 25.0% during the first quarter. Private Advisor Group LLC now owns 10,270 shares of the company’s stock worth $255,000 after buying an additional 2,055 shares during the period. LPL Financial LLC raised its holdings in shares of SPDR SSGA My2030 Corporate Bond ETF by 21.0% in the 4th quarter. LPL Financial LLC now owns 24,856 shares of the company’s stock valued at $622,000 after buying an additional 4,318 shares during the period. Farther Finance Advisors LLC purchased a new stake in shares of SPDR SSGA My2030 Corporate Bond ETF in the 4th quarter valued at $788,000. Equitable Holdings Inc. acquired a new position in SPDR SSGA My2030 Corporate Bond ETF during the 4th quarter worth about $1,070,000. Finally, L2 Asset Management LLC acquired a new position in SPDR SSGA My2030 Corporate Bond ETF during the 3rd quarter worth about $1,501,000.

SPDR SSGA My2030 Corporate Bond ETF Price Performance

Shares of NASDAQ:MYCJ traded down $0.06 during midday trading on Monday, hitting $24.47. The company had a trading volume of 3,418 shares, compared to its average volume of 10,459. SPDR SSGA My2030 Corporate Bond ETF has a twelve month low of $24.46 and a twelve month high of $25.32. The business’s 50-day simple moving average is $24.64 and its 200-day simple moving average is $24.83.

SPDR SSGA My2030 Corporate Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were paid a $0.0922 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%.

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.