SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) Sees Significant Growth in Short Interest

SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) was the target of a significant increase in short interest in 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. Based on an average daily trading volume, of 9,538 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are sold short. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 9,538 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of SPDR SSGA My2028 Corporate Bond ETF

Several institutional investors have recently modified their holdings of the stock. Global Financial Private Client LLC purchased a new position in shares of SPDR SSGA My2028 Corporate Bond ETF in the 2nd quarter valued at $445,000. Masso Torrence Wealth Management Inc. grew its holdings in shares of SPDR SSGA My2028 Corporate Bond ETF by 13.1% during the second quarter. Masso Torrence Wealth Management Inc. now owns 32,093 shares of the company’s stock worth $804,000 after purchasing an additional 3,722 shares during the last quarter. Exchange Capital Management Inc. increased its position in shares of SPDR SSGA My2028 Corporate Bond ETF by 40.8% during the second quarter. Exchange Capital Management Inc. now owns 199,036 shares of the company’s stock worth $4,985,000 after purchasing an additional 57,716 shares in the last quarter. Heartwood Wealth Advisors LLC lifted its holdings in shares of SPDR SSGA My2028 Corporate Bond ETF by 2.0% in the 3rd quarter. Heartwood Wealth Advisors LLC now owns 335,718 shares of the company’s stock valued at $8,438,000 after purchasing an additional 6,529 shares during the last quarter. Finally, Beacon Financial Group purchased a new stake in shares of SPDR SSGA My2028 Corporate Bond ETF in the 3rd quarter valued at about $221,000.

SPDR SSGA My2028 Corporate Bond ETF Price Performance

SPDR SSGA My2028 Corporate Bond ETF stock remained flat at $25.08 during midday trading on Monday. The company’s stock had a trading volume of 86,780 shares, compared to its average volume of 31,498. SPDR SSGA My2028 Corporate Bond ETF has a one year low of $24.49 and a one year high of $25.27. The stock’s fifty day moving average is $25.07 and its 200-day moving average is $25.06.

SPDR SSGA My2028 Corporate Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 23rd. Investors of record on Thursday, December 18th were issued a $0.0946 dividend. 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.

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.