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

SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCN) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 371 shares, a decline of 93.6% from the August 15th total of 5,824 shares. Based on an average trading volume of 4,987 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

SPDR SSGA My2034 Corporate Bond ETF Price Performance

Shares of NASDAQ MYCN traded down $0.18 during trading hours on Thursday, reaching $23.62. 902 shares of the stock were exchanged, compared to its average volume of 1,462. The stock’s fifty day simple moving average is $24.10 and its 200 day simple moving average is $24.40. SPDR SSGA My2034 Corporate Bond ETF has a 52 week low of $23.62 and a 52 week high of $25.20.

SPDR SSGA My2034 Corporate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were issued a $0.1036 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 5.3%. This is a positive change from SPDR SSGA My2034 Corporate Bond ETF’s previous monthly dividend of $0.10.

Institutional Investors Weigh In On SPDR SSGA My2034 Corporate Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of MYCN. Lido Advisors LLC acquired a new position in shares of SPDR SSGA My2034 Corporate Bond ETF in the fourth quarter valued at about $4,369,000. Private Advisor Group LLC bought a new position in SPDR SSGA My2034 Corporate Bond ETF during the first quarter worth about $324,000. Finally, Global Assets Advisory LLC acquired a new stake in SPDR SSGA My2034 Corporate Bond ETF in the 1st quarter worth about $52,000.

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.