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

SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) saw a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 482,170 shares, a growth of 596.3% from the January 29th total of 69,244 shares. Approximately 17.9% of the company’s stock are short sold. Based on an average daily trading volume, of 280,980 shares, the days-to-cover ratio is presently 1.7 days. Based on an average daily trading volume, of 280,980 shares, the days-to-cover ratio is presently 1.7 days. Approximately 17.9% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of MYCH. Beacon Financial Group bought a new position in shares of SPDR SSGA My2028 Corporate Bond ETF during the third quarter worth about $221,000. Fourth Dimension Wealth LLC bought a new stake in SPDR SSGA My2028 Corporate Bond ETF in the 4th quarter valued at approximately $287,000. Private Advisor Group LLC lifted its stake in SPDR SSGA My2028 Corporate Bond ETF by 15.7% in the 3rd 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. Hobbs Group Advisors LLC acquired a new position in SPDR SSGA My2028 Corporate Bond ETF during the 4th quarter worth approximately $575,000. Finally, Sanctuary Advisors LLC grew its stake in shares of SPDR SSGA My2028 Corporate Bond ETF by 7.5% during the 4th 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 Trading Down 0.0%

Shares of NASDAQ:MYCH traded down $0.01 during midday trading on Wednesday, reaching $25.16. 258,052 shares of the company 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 stock has a fifty day simple moving average of $25.10 and a two-hundred day simple moving average of $25.10.

SPDR SSGA My2028 Corporate Bond ETF Dividend Announcement

The company also recently announced 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. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Monday, February 2nd.

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.