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

SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 667 shares, a decrease of 99.7% from the May 31st total of 229,117 shares. Based on an average daily trading volume, of 306,838 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

SPDR SSGA My2028 Corporate Bond ETF Stock Up 0.1%

Shares of NASDAQ:MYCH traded up $0.02 on Thursday, reaching $24.88. 288,332 shares of the company traded hands, compared to its average volume of 256,158. The business’s 50-day simple moving average is $24.89 and its 200 day simple moving average is $24.99. SPDR SSGA My2028 Corporate Bond ETF has a 52 week low of $24.80 and a 52 week high of $25.27.

SPDR SSGA My2028 Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were given a dividend of $0.0865 per share. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date was Monday, June 1st. This is a positive change from SPDR SSGA My2028 Corporate Bond ETF’s previous monthly dividend of $0.08.

Institutional Trading of SPDR SSGA My2028 Corporate Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of MYCH. Lido Advisors LLC lifted its position in SPDR SSGA My2028 Corporate Bond ETF by 5,490.7% in the first quarter. Lido Advisors LLC now owns 12,291,898 shares of the company’s stock valued at $306,744,000 after purchasing an additional 12,072,034 shares during the last quarter. Heartwood Wealth Advisors LLC increased its stake in shares of SPDR SSGA My2028 Corporate Bond ETF by 1.2% in the fourth quarter. Heartwood Wealth Advisors LLC now owns 339,713 shares of the company’s stock worth $8,522,000 after buying an additional 3,995 shares during the period. Equitable Holdings Inc. increased 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 buying an additional 16,057 shares during the period. Gryphon Financial Partners LLC purchased a new position in shares of SPDR SSGA My2028 Corporate Bond ETF in the first quarter worth $1,906,000. Finally, LPL Financial LLC raised its holdings in SPDR SSGA My2028 Corporate Bond ETF by 12.7% during the 4th quarter. LPL Financial LLC now owns 71,975 shares of the company’s stock valued at $1,805,000 after buying an additional 8,125 shares during the last quarter.

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.