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

SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCN) was the recipient of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 2,275 shares, a drop of 34.6% from the May 14th total of 3,481 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,098 shares, the short-interest ratio is currently 1.1 days.

SPDR SSGA My2034 Corporate Bond ETF Price Performance

SPDR SSGA My2034 Corporate Bond ETF stock opened at $24.41 on Thursday. The company’s 50-day moving average price is $24.50 and its two-hundred day moving average price is $24.70. SPDR SSGA My2034 Corporate Bond ETF has a 52 week low of $24.15 and a 52 week high of $25.20.

SPDR SSGA My2034 Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were given a dividend of $0.101 per share. The ex-dividend date was Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 5.0%.

Hedge Funds Weigh In On SPDR SSGA My2034 Corporate Bond ETF

Large investors have recently made changes to their positions in the business. Global Assets Advisory LLC bought a new position in shares of SPDR SSGA My2034 Corporate Bond ETF during the 1st quarter valued at about $52,000. Private Advisor Group LLC bought a new position in shares of SPDR SSGA My2034 Corporate Bond ETF during the 1st quarter valued at about $324,000. Finally, Lido Advisors LLC bought a new position in shares of SPDR SSGA My2034 Corporate Bond ETF during the 4th quarter valued at about $4,369,000.

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.