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

SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCN) was the target of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 1,746 shares, a drop of 26.2% from the February 12th total of 2,366 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 980 shares, the short-interest ratio is currently 1.8 days. Based on an average daily trading volume, of 980 shares, the short-interest ratio is currently 1.8 days. Currently, 0.6% of the shares of the company are sold short.

SPDR SSGA My2034 Corporate Bond ETF Trading Down 0.3%

Shares of NASDAQ:MYCN traded down $0.08 on Friday, hitting $24.43. 196 shares of the company were exchanged, compared to its average volume of 988. SPDR SSGA My2034 Corporate Bond ETF has a 1-year low of $23.35 and a 1-year high of $25.20. The stock’s 50 day moving average price is $24.89 and its 200 day moving average price is $24.90.

SPDR SSGA My2034 Corporate Bond ETF Increases Dividend

The company also recently declared 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 of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 5.0%. This is an increase from SPDR SSGA My2034 Corporate Bond ETF’s previous monthly dividend of $0.10.

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 13F filing with the Securities & Exchange Commission. The firm acquired 176,080 shares of the company’s stock, valued at approximately $4,369,000. Lido Advisors LLC owned about 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.