Short Interest in SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCN) Expands By 69.4%

SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCN) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 652 shares, a growth of 69.4% from the December 15th total of 385 shares. Based on an average trading volume of 459 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.2% of the company’s shares are short sold. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 459 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Investors Weigh In On SPDR SSGA My2034 Corporate Bond ETF

A hedge fund recently raised its stake in SPDR SSGA My2034 Corporate Bond ETF stock. Exchange Capital Management Inc. lifted its holdings in shares of SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCN) by 47.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 138,616 shares of the company’s stock after buying an additional 44,334 shares during the period. Exchange Capital Management Inc. owned 46.21% of SPDR SSGA My2034 Corporate Bond ETF worth $3,406,000 at the end of the most recent reporting period.

SPDR SSGA My2034 Corporate Bond ETF Stock Down 0.2%

Shares of NASDAQ MYCN opened at $24.84 on Friday. SPDR SSGA My2034 Corporate Bond ETF has a twelve month low of $23.35 and a twelve month high of $25.20. The stock has a fifty day simple moving average of $24.87 and a 200-day simple moving average of $24.78.

SPDR SSGA My2034 Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Thursday, December 18th were paid a $0.105 dividend. The ex-dividend date of this dividend was Thursday, December 18th. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. This is a boost from SPDR SSGA My2034 Corporate Bond ETF’s previous monthly dividend of $0.10.

About SPDR SSGA My2034 Corporate Bond ETF

The SPDR SSgA My2034 Corporate Bond ETF (MYCN) 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 2034. Bonds are USD-denominated. MYCN was launched on Sep 23, 2024 and is issued by State Street.