SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCN – Get 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
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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