SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCN) Sees Large Increase in Short Interest

SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCN) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 2,172 shares, an increase of 233.1% from the December 31st total of 652 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 805 shares, the short-interest ratio is currently 2.7 days. Based on an average daily trading volume, of 805 shares, the short-interest ratio is currently 2.7 days. Currently, 0.7% of the company’s stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in SPDR SSGA My2034 Corporate Bond ETF stock. Exchange Capital Management Inc. increased its stake in shares of SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCN) by 47.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,616 shares of the company’s stock after purchasing an additional 44,334 shares during the quarter. Exchange Capital Management Inc. owned approximately 46.21% of SPDR SSGA My2034 Corporate Bond ETF worth $3,406,000 as of its most recent SEC filing.

SPDR SSGA My2034 Corporate Bond ETF Stock Down 0.0%

NASDAQ:MYCN traded down $0.01 during mid-day trading on Friday, reaching $24.87. The company’s stock had a trading volume of 1,545 shares, compared to its average volume of 877. SPDR SSGA My2034 Corporate Bond ETF has a 1 year low of $23.35 and a 1 year high of $25.20. The stock has a fifty day moving average of $24.88 and a 200-day moving average of $24.81.

SPDR SSGA My2034 Corporate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Thursday, December 18th were given a dividend of $0.105 per share. This is a boost from SPDR SSGA My2034 Corporate Bond ETF’s previous monthly dividend of $0.10. The ex-dividend date of this dividend was Thursday, December 18th. This represents a c) annualized dividend and a yield of 5.1%.

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.