SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCN – Get Free Report) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 135 shares, a decline of 75.1% from the September 30th total of 542 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 874 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Investors Weigh In On SPDR SSGA My2034 Corporate Bond ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MYCN. Global Assets Advisory LLC acquired a new stake in SPDR SSGA My2034 Corporate Bond ETF in the first quarter worth about $52,000. Private Advisor Group LLC acquired a new position in shares of SPDR SSGA My2034 Corporate Bond ETF during the first quarter valued at about $324,000. Finally, Lido Advisors LLC increased its holdings in shares of SPDR SSGA My2034 Corporate Bond ETF by 12.5% during the first quarter. Lido Advisors LLC now owns 198,171 shares of the company’s stock valued at $4,867,000 after acquiring an additional 22,091 shares in the last quarter.
SPDR SSGA My2034 Corporate Bond ETF Stock Performance
Shares of MYCN stock traded down $0.06 during trading hours on Wednesday, reaching $23.49. 836 shares of the company’s stock were exchanged, compared to its average volume of 1,292. The stock’s 50 day moving average is $23.58 and its 200-day moving average is $24.30. SPDR SSGA My2034 Corporate Bond ETF has a fifty-two week low of $23.04 and a fifty-two week high of $25.16.
SPDR SSGA My2034 Corporate Bond ETF Increases Dividend
The firm also recently announced a dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were paid a dividend of $0.1023 per share. This is a positive change from SPDR SSGA My2034 Corporate Bond ETF’s previous dividend of $0.1009. The ex-dividend date was Thursday, October 1st.
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.
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