SPDR SSGA My2029 Corporate Bond ETF (NASDAQ:MYCI) Short Interest Up 357.6% in August

SPDR SSGA My2029 Corporate Bond ETF (NASDAQ:MYCI) saw a significant 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. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 3,185 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC grew its holdings in shares of SPDR SSGA My2029 Corporate Bond ETF by 58.1% in the second quarter. Jane Street Group LLC now owns 37,542 shares of the company’s stock worth $937,000 after purchasing an additional 13,791 shares during the last quarter. Private Advisor Group LLC bought a new stake in shares of SPDR SSGA My2029 Corporate Bond ETF during the 3rd quarter valued at $306,000. Equitable Holdings Inc. grew its holdings in SPDR SSGA My2029 Corporate Bond ETF by 14.5% in the third quarter. Equitable Holdings Inc. now owns 102,045 shares of the company’s stock worth $2,560,000 after purchasing an additional 12,954 shares during the period. Lido Advisors LLC purchased a new position in SPDR SSGA My2029 Corporate Bond ETF during the fourth quarter valued at $5,689,000. Finally, LPL Financial LLC increased its stake in SPDR SSGA My2029 Corporate Bond ETF by 8.4% during the 4th quarter. LPL Financial LLC now owns 45,754 shares of the company’s stock valued at $1,146,000 after purchasing an additional 3,540 shares in the last quarter.

SPDR SSGA My2029 Corporate Bond ETF Price Performance

NASDAQ MYCI traded down $0.02 on Wednesday, hitting $24.70. 1,230 shares of the stock traded hands, compared to its average volume of 7,137. SPDR SSGA My2029 Corporate Bond ETF has a 12 month low of $24.58 and a 12 month high of $25.22. The business’s fifty day moving average is $24.68 and its two-hundred day moving average is $24.81.

SPDR SSGA My2029 Corporate Bond ETF Increases Dividend

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

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.