SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCN) Short Interest Update

SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCN) was the target of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 2,398 shares, an increase of 37.3% from the February 26th total of 1,746 shares. Based on an average daily trading volume, of 1,169 shares, the short-interest ratio is currently 2.1 days. Approximately 0.8% of the company’s shares are short sold.

SPDR SSGA My2034 Corporate Bond ETF Stock Up 0.6%

Shares of MYCN traded up $0.15 during trading hours on Monday, hitting $24.41. The company had a trading volume of 325 shares, compared to its average volume of 1,167. The stock’s 50 day moving average price is $24.81 and its 200 day moving average price is $24.88. SPDR SSGA My2034 Corporate Bond ETF has a 52-week low of $23.35 and a 52-week high of $25.20.

SPDR SSGA My2034 Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a dividend of $0.1017 per share. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date was Monday, March 2nd. This is a positive change from SPDR SSGA My2034 Corporate Bond ETF’s previous monthly dividend of $0.10.

Institutional Trading of SPDR SSGA My2034 Corporate Bond ETF

A hedge fund recently bought a new stake in SPDR SSGA My2034 Corporate Bond ETF stock. Lido Advisors LLC bought a new position in SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 176,080 shares of the company’s stock, valued at approximately $4,369,000. Lido Advisors LLC owned 58.69% of SPDR SSGA My2034 Corporate Bond ETF as of its most recent SEC filing.

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.