SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCN) Sees Significant Growth in Short Interest

SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCNGet Free Report) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 3,481 shares, an increase of 155.8% from the April 30th total of 1,361 shares. Based on an average trading volume of 773 shares, the short-interest ratio is currently 4.5 days. Currently, 1.0% of the company’s stock are sold short.

SPDR SSGA My2034 Corporate Bond ETF Stock Up 0.1%

NASDAQ MYCN traded up $0.02 during midday trading on Friday, hitting $24.57. 1,484 shares of the company traded hands, compared to its average volume of 1,080. SPDR SSGA My2034 Corporate Bond ETF has a 52 week low of $23.96 and a 52 week high of $25.20. The company’s 50-day simple moving average is $24.51 and its 200-day simple moving average is $24.74.

SPDR SSGA My2034 Corporate Bond ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were issued a $0.1012 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Friday, May 1st.

Institutional Trading of SPDR SSGA My2034 Corporate Bond ETF

A number of institutional investors have recently modified their holdings of MYCN. Lido Advisors LLC bought a new stake in shares of SPDR SSGA My2034 Corporate Bond ETF in the 4th quarter valued at about $4,369,000. Private Advisor Group LLC acquired a new stake in shares of SPDR SSGA My2034 Corporate Bond ETF in the 1st quarter worth $324,000. Finally, Global Assets Advisory LLC acquired a new stake in shares of SPDR SSGA My2034 Corporate Bond ETF in the 1st quarter worth $52,000.

About SPDR SSGA My2034 Corporate Bond ETF

(Get Free Report)

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.

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