SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCN) Sees Large Decline in Short Interest

SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCN) saw a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 1,411 shares, a decline of 35.0% from the January 15th total of 2,172 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 966 shares, the short-interest ratio is presently 1.5 days. Based on an average daily volume of 966 shares, the short-interest ratio is presently 1.5 days. Currently, 0.5% of the shares of the company are sold short.

SPDR SSGA My2034 Corporate Bond ETF Price Performance

Shares of NASDAQ:MYCN traded up $0.07 during midday trading on Friday, hitting $25.05. The stock had a trading volume of 178 shares, compared to its average volume of 933. The company’s 50-day moving average price is $24.85 and its 200-day moving average price is $24.85. SPDR SSGA My2034 Corporate Bond ETF has a fifty-two week low of $23.35 and a fifty-two week high of $25.20.

SPDR SSGA My2034 Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were paid a $0.1012 dividend. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Monday, February 2nd.

Institutional Inflows and Outflows

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

SPDR SSGA My2034 Corporate Bond ETF Company Profile

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.