SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) Sees Large Increase in Short Interest

SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 6,939 shares, an increase of 142.8% from the December 31st total of 2,858 shares. Based on an average daily volume of 26,018 shares, the short-interest ratio is presently 0.3 days. Approximately 0.4% of the shares of the stock are sold short. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 26,018 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On SPDR SSGA My2028 Corporate Bond ETF

Large investors have recently bought and sold shares of the company. Exchange Capital Management Inc. boosted its position in 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 buying an additional 57,716 shares during the period. Heartwood Wealth Advisors LLC grew its position in shares of SPDR SSGA My2028 Corporate Bond ETF by 2.0% in the 3rd quarter. Heartwood Wealth Advisors LLC now owns 335,718 shares of the company’s stock valued at $8,438,000 after buying an additional 6,529 shares during the last quarter. Beacon Financial Group acquired a new stake in shares of SPDR SSGA My2028 Corporate Bond ETF in the third quarter valued at about $221,000. Private Advisor Group LLC raised its position in shares of SPDR SSGA My2028 Corporate Bond ETF by 15.7% during the third quarter. Private Advisor Group LLC now owns 16,705 shares of the company’s stock worth $420,000 after acquiring an additional 2,270 shares during the last quarter. Finally, Equitable Holdings Inc. lifted its stake in shares of SPDR SSGA My2028 Corporate Bond ETF by 16.5% in the third quarter. Equitable Holdings Inc. now owns 113,368 shares of the company’s stock worth $2,850,000 after acquiring an additional 16,057 shares during the period.

SPDR SSGA My2028 Corporate Bond ETF Stock Performance

NASDAQ:MYCH traded up $0.02 during trading hours on Friday, hitting $25.17. The company’s stock had a trading volume of 142,623 shares, compared to its average volume of 101,191. SPDR SSGA My2028 Corporate Bond ETF has a twelve month low of $24.49 and a twelve month high of $25.27. The stock has a fifty day simple moving average of $25.08 and a 200-day simple moving average of $25.07.

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. This is a positive change from SPDR SSGA My2028 Corporate Bond ETF’s previous dividend of $0.09. The ex-dividend date of this dividend was Thursday, December 18th.

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.