Short Interest in SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) Rises By 33.4%

SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 2,858 shares, an increase of 33.4% from the December 15th total of 2,143 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 9,538 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 9,538 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s shares are sold short.

SPDR SSGA My2028 Corporate Bond ETF Price Performance

NASDAQ MYCH remained flat at $25.08 on Monday. 86,780 shares of the company’s stock traded hands, compared to its average volume of 31,498. The business has a 50-day moving average price of $25.07 and a two-hundred day moving average price of $25.06. SPDR SSGA My2028 Corporate Bond ETF has a 52 week low of $24.49 and a 52 week high of $25.27.

SPDR SSGA My2028 Corporate Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Thursday, December 18th were paid 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.

Institutional Investors Weigh In On SPDR SSGA My2028 Corporate Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Beacon Financial Group purchased a new stake in SPDR SSGA My2028 Corporate Bond ETF in the third quarter worth $221,000. Private Advisor Group LLC raised 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 valued at $420,000 after acquiring an additional 2,270 shares in the last quarter. Global Financial Private Client LLC bought a new position in SPDR SSGA My2028 Corporate Bond ETF in the second quarter worth approximately $445,000. Gradient Investments LLC bought a new stake in SPDR SSGA My2028 Corporate Bond ETF during the 4th quarter valued at $729,000. Finally, Masso Torrence Wealth Management Inc. raised its holdings in shares of SPDR SSGA My2028 Corporate Bond ETF by 13.1% in the second quarter. Masso Torrence Wealth Management Inc. now owns 32,093 shares of the company’s stock valued at $804,000 after acquiring an additional 3,722 shares in the last quarter.

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.