Short Interest in SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCN) Expands By 69.4%

SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCN) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 652 shares, an increase of 69.4% from the December 15th total of 385 shares. Based on an average trading volume of 459 shares, the short-interest ratio is presently 1.4 days. Approximately 0.2% of the company’s shares are short sold. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 459 shares, the short-interest ratio is presently 1.4 days.

Institutional Investors Weigh In On SPDR SSGA My2034 Corporate Bond ETF

A hedge fund recently raised its stake in SPDR SSGA My2034 Corporate Bond ETF stock. Exchange Capital Management Inc. raised its position in SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCN) by 47.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 138,616 shares of the company’s stock after acquiring an additional 44,334 shares during the quarter. Exchange Capital Management Inc. owned 46.21% of SPDR SSGA My2034 Corporate Bond ETF worth $3,406,000 at the end of the most recent quarter.

SPDR SSGA My2034 Corporate Bond ETF Stock Down 0.2%

SPDR SSGA My2034 Corporate Bond ETF stock traded down $0.06 during trading on Friday, reaching $24.84. 1,245 shares of the company’s stock were exchanged, compared to its average volume of 831. The company’s 50-day moving average is $24.87 and its two-hundred day moving average is $24.78. SPDR SSGA My2034 Corporate Bond ETF has a 52-week low of $23.35 and a 52-week high of $25.20.

SPDR SSGA My2034 Corporate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Thursday, December 18th were paid a dividend of $0.105 per share. This is a boost from SPDR SSGA My2034 Corporate Bond ETF’s previous monthly dividend of $0.10. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date was Thursday, December 18th.

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.