Short Interest in SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCN) Increases By 233.1%

SPDR SSGA My2034 Corporate Bond ETF (NASDAQ:MYCNGet Free Report) saw a large growth in short interest in January. As of January 15th, there was short interest totaling 2,172 shares, a growth of 233.1% from the December 31st total of 652 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average trading volume of 805 shares, the days-to-cover ratio is presently 2.7 days. Based on an average trading volume of 805 shares, the days-to-cover ratio is presently 2.7 days. Currently, 0.7% of the shares of the company are short sold.

Hedge Funds Weigh In On SPDR SSGA My2034 Corporate Bond ETF

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

SPDR SSGA My2034 Corporate Bond ETF Price Performance

NASDAQ:MYCN traded down $0.02 during trading hours on Wednesday, hitting $24.86. 2,802 shares of the stock traded hands, compared to its average volume of 811. 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 50 day moving average price of $24.87 and a 200 day moving average price of $24.81.

SPDR SSGA My2034 Corporate Bond ETF Increases Dividend

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

About SPDR SSGA My2034 Corporate Bond ETF

(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.

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