SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCN) Shares Shorted: Short Interest Down 75.1% in October

SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCN) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 135 shares, a decrease of 75.1% from the September 30th total of 542 shares. Based on an average daily trading volume, of 874 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are short sold.

SPDR SSGA My2034 Corporate Bond ETF Price Performance

Shares of MYCN traded up $0.02 during mid-day trading on Friday, hitting $23.57. The stock had a trading volume of 860 shares, compared to its average volume of 1,392. SPDR SSGA My2034 Corporate Bond ETF has a fifty-two week low of $23.04 and a fifty-two week high of $25.16. The company’s fifty day simple moving average is $23.56 and its two-hundred day simple moving average is $24.29.

SPDR SSGA My2034 Corporate Bond ETF Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were paid a dividend of $0.1023 per share. This is a boost from SPDR SSGA My2034 Corporate Bond ETF’s previous dividend of $0.1009. The ex-dividend date was Thursday, October 1st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Global Assets Advisory LLC acquired a new position in shares of SPDR SSGA My2034 Corporate Bond ETF in the 1st quarter valued at $52,000. Private Advisor Group LLC acquired a new stake in shares of SPDR SSGA My2034 Corporate Bond ETF in the 1st quarter valued at approximately $324,000. Finally, Lido Advisors LLC increased its holdings in shares of 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.

About SPDR SSGA My2034 Corporate Bond ETF

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.