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

SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCN) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 5,824 shares, a growth of 612.9% from the July 30th total of 817 shares. Based on an average trading volume of 5,336 shares, the days-to-cover ratio is presently 1.1 days. Currently, 1.7% of the shares of the stock are sold short.

SPDR SSGA My2034 Corporate Bond ETF Stock Performance

NASDAQ:MYCN opened at $24.18 on Wednesday. The company has a fifty day moving average of $24.24 and a two-hundred day moving average of $24.49. SPDR SSGA My2034 Corporate Bond ETF has a fifty-two week low of $23.99 and a fifty-two week high of $25.20.

SPDR SSGA My2034 Corporate Bond ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd were paid a dividend of $0.1004 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Lido Advisors LLC lifted its stake in SPDR SSGA My2034 Corporate Bond ETF by 12.5% in the 1st quarter. Lido Advisors LLC now owns 198,171 shares of the company’s stock valued at $4,867,000 after buying an additional 22,091 shares in the last quarter. Global Assets Advisory LLC acquired a new stake in SPDR SSGA My2034 Corporate Bond ETF in the 1st quarter worth about $52,000. Finally, Private Advisor Group LLC acquired a new stake in SPDR SSGA My2034 Corporate Bond ETF in the 1st quarter worth about $324,000.

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.