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

SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCN) was the target of a significant growth in short interest in the month of 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. Currently, 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 1,169 shares, the days-to-cover ratio is currently 2.1 days.

SPDR SSGA My2034 Corporate Bond ETF Price Performance

NASDAQ:MYCN opened at $24.41 on Tuesday. SPDR SSGA My2034 Corporate Bond ETF has a one year low of $23.35 and a one year high of $25.20. The company’s 50-day simple moving average is $24.80 and its 200 day simple moving average is $24.88.

SPDR SSGA My2034 Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a $0.1017 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend 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

A hedge fund recently bought a new stake in SPDR SSGA My2034 Corporate Bond ETF stock. Lido Advisors LLC acquired a new stake in shares of SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCN) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 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 at the end of the most recent quarter.

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.