SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCN) Short Interest Up 155.8% in May

SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCN) saw a large growth in short interest in May. As of May 15th, there was short interest totaling 3,481 shares, a growth of 155.8% from the April 30th total of 1,361 shares. Approximately 1.0% of the company’s shares are short sold. Based on an average trading volume of 773 shares, the days-to-cover ratio is presently 4.5 days.

SPDR SSGA My2034 Corporate Bond ETF Stock Performance

Shares of NASDAQ:MYCN traded up $0.02 during mid-day trading on Friday, hitting $24.57. The company had a trading volume of 1,484 shares, compared to its average volume of 1,080. The firm has a fifty day moving average price of $24.51 and a 200 day moving average price of $24.75. SPDR SSGA My2034 Corporate Bond ETF has a one year low of $23.96 and a one year high of $25.20.

SPDR SSGA My2034 Corporate Bond ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were given a dividend of $0.1012 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend was Friday, May 1st.

Institutional Trading of SPDR SSGA My2034 Corporate Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. 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 boosted its holdings in SPDR SSGA My2034 Corporate Bond ETF by 12.5% during the 1st quarter. Lido Advisors LLC now owns 198,171 shares of the company’s stock worth $4,867,000 after acquiring an additional 22,091 shares during the last 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.