SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) Short Interest Update

SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) saw a significant decline in short interest in December. As of December 15th, there was short interest totaling 2,143 shares, a decline of 60.4% from the November 30th total of 5,409 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 7,646 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 7,646 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On SPDR SSGA My2028 Corporate Bond ETF

Several institutional investors have recently bought and sold shares of MYCH. L2 Asset Management LLC bought a new position in shares of SPDR SSGA My2028 Corporate Bond ETF in the third quarter worth approximately $1,501,000. Exchange Capital Management Inc. grew its holdings in shares of SPDR SSGA My2028 Corporate Bond ETF by 40.8% during the 2nd quarter. Exchange Capital Management Inc. now owns 199,036 shares of the company’s stock worth $4,985,000 after acquiring an additional 57,716 shares during the period. Global Financial Private Client LLC bought a new position in shares of SPDR SSGA My2028 Corporate Bond ETF during the second quarter valued at approximately $445,000. Equitable Holdings Inc. boosted its stake in SPDR SSGA My2028 Corporate Bond ETF by 16.5% in the 3rd quarter. Equitable Holdings Inc. now owns 113,368 shares of the company’s stock worth $2,850,000 after purchasing an additional 16,057 shares in the last quarter. Finally, Beacon Financial Group purchased a new position in SPDR SSGA My2028 Corporate Bond ETF in the 3rd quarter worth about $221,000.

SPDR SSGA My2028 Corporate Bond ETF Price Performance

SPDR SSGA My2028 Corporate Bond ETF stock traded up $0.05 during midday trading on Friday, hitting $25.10. 4,264 shares of the company’s stock were exchanged, compared to its average volume of 6,883. The stock has a 50-day moving average price of $25.09 and a two-hundred day moving average price of $25.04. SPDR SSGA My2028 Corporate Bond ETF has a 52-week low of $24.39 and a 52-week high of $25.27.

SPDR SSGA My2028 Corporate Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 23rd. Investors of record on Thursday, December 18th were issued a dividend of $0.0946 per share. The ex-dividend date of this dividend was Thursday, December 18th. This is a positive change from SPDR SSGA My2028 Corporate Bond ETF’s previous dividend of $0.09.

About SPDR SSGA My2028 Corporate Bond ETF

The SPDR SSgA My2028 Corporate Bond ETF (MYCH) 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 2028. Bonds are USD-denominated. MYCH was launched on Sep 23, 2024 and is issued by State Street.