Short Interest in SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCN) Expands By 37.3%

SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCN) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totaling 2,398 shares, a growth of 37.3% from the February 26th total of 1,746 shares. Based on an average trading volume of 1,169 shares, the days-to-cover ratio is currently 2.1 days. Approximately 0.8% of the company’s stock are short sold.

SPDR SSGA My2034 Corporate Bond ETF Price Performance

Shares of MYCN traded down $0.06 during trading hours on Friday, hitting $24.26. The company had a trading volume of 861 shares, compared to its average volume of 1,182. The firm has a fifty day moving average price of $24.81 and a 200-day moving average price of $24.88. 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 company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.1017 per share. The ex-dividend date 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

An institutional investor recently bought a new position in SPDR SSGA My2034 Corporate Bond ETF stock. Lido Advisors LLC purchased a new stake in shares of SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCN) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 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.