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

SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 229,117 shares, an increase of 692.5% from the May 14th total of 28,909 shares. Approximately 1.4% of the shares of the company are short sold. Based on an average daily trading volume, of 248,653 shares, the short-interest ratio is presently 0.9 days.

Hedge Funds Weigh In On SPDR SSGA My2028 Corporate Bond ETF

Several large investors have recently bought and sold shares of MYCH. Private Advisor Group LLC raised its stake in SPDR SSGA My2028 Corporate Bond ETF by 15.7% during the 3rd quarter. Private Advisor Group LLC now owns 16,705 shares of the company’s stock valued at $420,000 after purchasing an additional 2,270 shares during the last quarter. Equitable Holdings Inc. raised its stake in SPDR SSGA My2028 Corporate Bond ETF by 16.5% during the 3rd quarter. Equitable Holdings Inc. now owns 113,368 shares of the company’s stock valued at $2,850,000 after purchasing an additional 16,057 shares during the last quarter. L2 Asset Management LLC acquired a new position in SPDR SSGA My2028 Corporate Bond ETF during the 3rd quarter valued at $1,501,000. Gradient Investments LLC acquired a new position in SPDR SSGA My2028 Corporate Bond ETF during the 4th quarter valued at $729,000. Finally, Heartwood Wealth Advisors LLC raised its stake in SPDR SSGA My2028 Corporate Bond ETF by 1.2% during the 4th quarter. Heartwood Wealth Advisors LLC now owns 339,713 shares of the company’s stock valued at $8,522,000 after purchasing an additional 3,995 shares during the last quarter.

SPDR SSGA My2028 Corporate Bond ETF Stock Performance

Shares of NASDAQ MYCH remained flat at $24.83 during trading hours on Wednesday. 2,797 shares of the company traded hands, compared to its average volume of 259,214. The business’s 50 day moving average is $24.91 and its 200 day moving average is $25.01. SPDR SSGA My2028 Corporate Bond ETF has a fifty-two week low of $24.70 and a fifty-two week high of $25.27.

SPDR SSGA My2028 Corporate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were paid 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 an increase from SPDR SSGA My2028 Corporate Bond ETF’s previous monthly dividend of $0.08.

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.