SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) Short Interest Up 596.3% in February

SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) was the target of a large increase in short interest in February. As of February 13th, there was short interest totaling 482,170 shares, an increase of 596.3% from the January 29th total of 69,244 shares. Approximately 17.9% of the shares of the stock are short sold. Based on an average trading volume of 280,980 shares, the short-interest ratio is currently 1.7 days. Based on an average trading volume of 280,980 shares, the short-interest ratio is currently 1.7 days. Approximately 17.9% of the shares of the stock are short sold.

SPDR SSGA My2028 Corporate Bond ETF Trading Down 0.0%

Shares of SPDR SSGA My2028 Corporate Bond ETF stock traded down $0.01 during mid-day trading on Wednesday, reaching $25.16. 258,052 shares of the stock were exchanged, compared to its average volume of 220,561. SPDR SSGA My2028 Corporate Bond ETF has a fifty-two week low of $24.49 and a fifty-two week high of $25.27. The firm has a 50-day simple moving average of $25.10 and a 200 day simple moving average of $25.10.

SPDR SSGA My2028 Corporate Bond ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.0911 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a yield of 4.3%.

Institutional Investors Weigh In On SPDR SSGA My2028 Corporate Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Beacon Financial Group bought a new position in SPDR SSGA My2028 Corporate Bond ETF in the third quarter valued at approximately $221,000. Fourth Dimension Wealth LLC bought a new position in shares of SPDR SSGA My2028 Corporate Bond ETF in the 4th quarter worth $287,000. Private Advisor Group LLC grew its stake 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 purchasing an additional 2,270 shares during the period. Hobbs Group Advisors LLC bought a new stake in SPDR SSGA My2028 Corporate Bond ETF in the fourth quarter valued at about $575,000. Finally, Sanctuary Advisors LLC lifted its stake in SPDR SSGA My2028 Corporate Bond ETF by 7.5% in the fourth quarter. Sanctuary Advisors LLC now owns 26,899 shares of the company’s stock valued at $675,000 after buying an additional 1,876 shares during the period.

SPDR SSGA My2028 Corporate Bond ETF Company Profile

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.