MYCI Stock Summary and Trading Ideas (SPDR Ssga My2029 Corporate Bond ETF | NASDAQ:MYCI)

The SPDR SSGA My2029 Corporate Bond ETF (the "Fund") seeks to maximize current income while seeking preservation of capital. The Fund primarily invests in corporate bonds maturing in the year 2026, which may include bonds with embedded issuer call options falling within that year. The Fund may also invest in corporate bonds with maturity dates within six months prior to or after the Fund's target maturity year. An embedded issuer call option means that the bond's issuer has the right to redeem a bond prior to its designated maturity date. The Fund is part of the MyIncome suite of target maturity bond ETFs and is designed to terminate on or about December 15, 2029, at which point the Fund will distribute its remaining net assets to shareholders pursuant to a plan of liquidation. The Fund primarily invests in U.S. dollar denominated corporate bonds rated investment grade at the time of purchase. The Fund may use derivative instruments (primarily futures contracts, interest rate and credit default swaps, and options on treasury futures) to manage yield, interest rate exposure (also known as duration), weighted average maturity, and exposure to credit quality.

SPDR Ssga My2029 Corporate Bond ETF trades on the NASDAQ stock market under the symbol MYCI.

As of December 13, 2024, MYCI stock price declined to $24.55 with 548 million shares trading.

MYCI has a market cap of $6.14 million. This is considered a Sub-Micro Cap stock.

MYCI support price is $24.55 and resistance is $24.66 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MYCI shares will trade within this expected range on the day.