SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCN) Short Interest Update

SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCN) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 5,824 shares, a growth of 612.9% from the July 30th total of 817 shares. Based on an average daily volume of 5,336 shares, the days-to-cover ratio is currently 1.1 days. Currently, 1.7% of the shares of the stock are sold short.

Hedge Funds Weigh In On SPDR SSGA My2034 Corporate Bond ETF

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

SPDR SSGA My2034 Corporate Bond ETF Stock Performance

Shares of MYCN stock opened at $24.18 on Wednesday. The stock’s fifty day moving average is $24.24 and its two-hundred day moving average is $24.49. SPDR SSGA My2034 Corporate Bond ETF has a fifty-two week low of $23.99 and a fifty-two week high of $25.20.

SPDR SSGA My2034 Corporate Bond ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd were issued a dividend of $0.1004 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%.

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.