SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) Short Interest Down 99.7% in June

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

SPDR SSGA My2028 Corporate Bond ETF Stock Up 0.1%

Shares of NASDAQ:MYCH traded up $0.03 during mid-day trading on Friday, hitting $24.91. 160,520 shares of the company traded hands, compared to its average volume of 255,367. The stock has a 50-day moving average price of $24.89 and a two-hundred day moving average price of $24.99. SPDR SSGA My2028 Corporate Bond ETF has a 12-month low of $24.80 and a 12-month high of $25.27.

SPDR SSGA My2028 Corporate Bond ETF Increases Dividend

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

Institutional Investors Weigh In On SPDR SSGA My2028 Corporate Bond ETF

Several large investors have recently made changes to their positions in the business. Farther Finance Advisors LLC bought a new position in SPDR SSGA My2028 Corporate Bond ETF during the fourth quarter valued at about $805,000. Hobbs Group Advisors LLC bought a new position in shares of SPDR SSGA My2028 Corporate Bond ETF during the 4th quarter valued at approximately $575,000. L2 Asset Management LLC purchased a new stake in shares of SPDR SSGA My2028 Corporate Bond ETF during the 3rd quarter worth approximately $1,501,000. Lido Advisors LLC purchased a new stake in shares of SPDR SSGA My2028 Corporate Bond ETF during the 4th quarter worth approximately $5,515,000. Finally, Gradient Investments LLC bought a new stake in shares of SPDR SSGA My2028 Corporate Bond ETF in the 4th quarter worth approximately $729,000.

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.