SPDR SSGA My2030 Municipal Bond ETF MYMJ
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
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About
SPDR SSGA My2030 Municipal Bond ETF (MYMJ) Investment Strategy and Portfolio Holdings Overview
MYMJ is a held-to-maturity portfolio that aims to maximize income by actively investing in investment grade, USD-denominated muni bonds with effective maturities in 2030. It is part of the SPDR SSGA MyIncome suite of target maturity bond ETFs that allow investors to build custom bond ladder portfolios. The fund is managed using a risk-aware, top-down approach combined with bottom-up security selection with each bond assessed and selected through rigorous fundamental research. It is designed to terminate and liquidate on or about December 15, 2030 and distribute remaining assets to investors. Note that the fund does not seek to distribute any predetermined amount at maturity, and the amount an investor receives may be worth more or less than the original investment. During its target maturity year, proceeds from matured securities prior to the funds liquidation date may be reinvested in cash and cash equivalents which may lead to the decrease in Muni bond holdings.
Key Insights
SPDR SSGA My2030 Municipal Bond ETF (MYMJ) Essential ETF Metrics and Performance Data
Latest Closing Price
$24.35Market Cap
$8.57 MillionAverage Trade Volume
1,179 SharesTotal Outstanding Shares
350,000 SharesInception Date
September 24, 2024Primary Exchange
NASDAQ
Short Volume
Daily short volume activity identifies short-term trading pressure and potential price volatility
Revenue Breakdown
Distribution of revenue across unique business segments & geographies
Historical Stock Splits
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