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

SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCN – Get Free Report) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 2,275 shares, a decline of 34.6% from the May 14th total of 3,481 shares. Based on an average daily trading volume, of 2,098 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.7% of the company’s stock are sold short.

SPDR SSGA My2034 Corporate Bond ETF Stock Down 0.0%

MYCN stock traded down $0.01 on Wednesday, hitting $24.49. 105 shares of the company’s stock were exchanged, compared to its average volume of 1,010. SPDR SSGA My2034 Corporate Bond ETF has a 12-month low of $24.15 and a 12-month high of $25.20. The firm has a 50 day moving average price of $24.50 and a two-hundred day moving average price of $24.71.

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SPDR SSGA My2034 Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were paid a dividend of $0.101 per share. This represents a c) annualized dividend and a yield of 4.9%. The ex-dividend date was Monday, June 1st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Global Assets Advisory LLC purchased a new position in SPDR SSGA My2034 Corporate Bond ETF during the 1st quarter worth $52,000. Private Advisor Group LLC purchased a new position in SPDR SSGA My2034 Corporate Bond ETF during the 1st quarter worth $324,000. Finally, Lido Advisors LLC purchased a new position in SPDR SSGA My2034 Corporate Bond ETF during the 4th quarter worth $4,369,000.

About SPDR SSGA My2034 Corporate Bond ETF

(Get Free Report)

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.

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