Short Interest in SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCN) Drops By 35.0%

SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCN) was the recipient of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 1,411 shares, a decrease of 35.0% from the January 15th total of 2,172 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average trading volume of 966 shares, the days-to-cover ratio is presently 1.5 days. Based on an average trading volume of 966 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.5% of the company’s stock are sold short.

Institutional Trading of SPDR SSGA My2034 Corporate Bond ETF

An institutional investor recently bought a new position in SPDR SSGA My2034 Corporate Bond ETF stock. Lido Advisors LLC purchased a new position in SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCN) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 176,080 shares of the company’s stock, valued at approximately $4,369,000. Lido Advisors LLC owned approximately 58.69% of SPDR SSGA My2034 Corporate Bond ETF as of its most recent filing with the Securities & Exchange Commission.

SPDR SSGA My2034 Corporate Bond ETF Price Performance

Shares of MYCN stock traded up $0.07 on Friday, hitting $25.05. The stock had a trading volume of 178 shares, compared to its average volume of 933. The stock’s 50 day moving average is $24.85 and its 200-day moving average is $24.85. 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 Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were given a $0.1012 dividend. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was Monday, February 2nd.

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.