Short Interest in SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) Drops By 22.7%

SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) was the target of a large drop in short interest in February. As of February 27th, there was short interest totaling 372,553 shares, a drop of 22.7% from the February 12th total of 482,170 shares. Based on an average daily volume of 422,499 shares, the short-interest ratio is currently 0.9 days. Approximately 13.8% of the shares of the stock are short sold. Approximately 13.8% of the shares of the stock are short sold. Based on an average daily volume of 422,499 shares, the short-interest ratio is currently 0.9 days.

Institutional Trading of SPDR SSGA My2028 Corporate Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Beacon Financial Group acquired a new stake in shares of SPDR SSGA My2028 Corporate Bond ETF during the 3rd quarter worth $221,000. Fourth Dimension Wealth LLC acquired a new position in shares of SPDR SSGA My2028 Corporate Bond ETF during the fourth quarter worth $287,000. Private Advisor Group LLC boosted its stake in shares of SPDR SSGA My2028 Corporate Bond ETF by 15.7% in the third quarter. Private Advisor Group LLC now owns 16,705 shares of the company’s stock valued at $420,000 after purchasing an additional 2,270 shares during the period. Hobbs Group Advisors LLC purchased a new stake in SPDR SSGA My2028 Corporate Bond ETF during the 4th quarter worth $575,000. Finally, Sanctuary Advisors LLC lifted its stake in shares of 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 worth $675,000 after acquiring an additional 1,876 shares in the last quarter.

SPDR SSGA My2028 Corporate Bond ETF Price Performance

MYCH stock traded down $0.01 on Tuesday, reaching $24.92. The company had a trading volume of 312,138 shares, compared to its average volume of 240,035. SPDR SSGA My2028 Corporate Bond ETF has a 1 year low of $24.49 and a 1 year high of $25.27. The company’s fifty day moving average is $25.09 and its 200 day moving average is $25.09.

SPDR SSGA My2028 Corporate Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a $0.0851 dividend. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Monday, March 2nd.

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.