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

SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCNGet Free Report) was the recipient of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 2,275 shares, a drop of 34.6% from the May 14th total of 3,481 shares. Based on an average daily trading volume, of 2,098 shares, the short-interest ratio is currently 1.1 days. Approximately 0.7% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MYCN. Lido Advisors LLC acquired a new position in shares of SPDR SSGA My2034 Corporate Bond ETF during the fourth quarter valued at $4,369,000. Private Advisor Group LLC acquired a new position in shares of SPDR SSGA My2034 Corporate Bond ETF during the first quarter valued at $324,000. Finally, Global Assets Advisory LLC acquired a new position in shares of SPDR SSGA My2034 Corporate Bond ETF during the first quarter valued at $52,000.

SPDR SSGA My2034 Corporate Bond ETF Price Performance

NASDAQ MYCN remained flat at $24.47 during trading hours on Tuesday. The company’s stock had a trading volume of 186 shares, compared to its average volume of 1,026. SPDR SSGA My2034 Corporate Bond ETF has a 1 year low of $24.11 and a 1 year high of $25.20. The business has a fifty day moving average of $24.50 and a two-hundred day moving average of $24.71.

SPDR SSGA My2034 Corporate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were issued a dividend of $0.101 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Monday, June 1st.

SPDR SSGA My2034 Corporate Bond ETF Company Profile

(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.

Further Reading

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