Short Interest in SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCN) Expands By 37.3%

SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCN) was the recipient of a significant increase in short interest in 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. Approximately 0.8% of the company’s stock are sold short. Based on an average daily volume of 1,169 shares, the days-to-cover ratio is presently 2.1 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in SPDR SSGA My2034 Corporate Bond ETF stock. Lido Advisors LLC purchased a new stake in SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCN) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 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 SEC filing.

SPDR SSGA My2034 Corporate Bond ETF Stock Down 0.2%

Shares of NASDAQ:MYCN traded down $0.06 during trading on Friday, hitting $24.26. 861 shares of the company were exchanged, compared to its average volume of 1,182. SPDR SSGA My2034 Corporate Bond ETF has a fifty-two week low of $23.35 and a fifty-two week high of $25.20. The firm has a fifty day moving average price of $24.81 and a two-hundred day moving average price of $24.88.

SPDR SSGA My2034 Corporate Bond ETF Increases Dividend

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

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.