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

SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) saw a large decrease in short interest in December. As of December 15th, there was short interest totaling 2,143 shares, a decrease of 60.4% from the November 30th total of 5,409 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 7,646 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 7,646 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. L2 Asset Management LLC acquired a new position in SPDR SSGA My2028 Corporate Bond ETF during the third quarter valued at approximately $1,501,000. Equitable Holdings Inc. increased its stake in shares of SPDR SSGA My2028 Corporate Bond ETF by 16.5% in 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. Private Advisor Group LLC raised its holdings in shares of 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 worth $420,000 after buying an additional 2,270 shares in the last quarter. Beacon Financial Group acquired a new position in shares of SPDR SSGA My2028 Corporate Bond ETF during the 3rd quarter worth $221,000. Finally, Heartwood Wealth Advisors LLC lifted its position in shares of SPDR SSGA My2028 Corporate Bond ETF by 2.0% during the 3rd quarter. Heartwood Wealth Advisors LLC now owns 335,718 shares of the company’s stock worth $8,438,000 after buying an additional 6,529 shares during the last quarter.

SPDR SSGA My2028 Corporate Bond ETF Trading Up 0.1%

MYCH traded up $0.03 on Friday, hitting $25.08. 11,384 shares of the stock were exchanged, compared to its average volume of 6,920. SPDR SSGA My2028 Corporate Bond ETF has a 12 month low of $24.39 and a 12 month high of $25.27. The business has a 50-day moving average of $25.08 and a two-hundred day moving average of $25.04.

SPDR SSGA My2028 Corporate Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Thursday, December 18th were issued a dividend of $0.0946 per share. This is a boost from SPDR SSGA My2028 Corporate Bond ETF’s previous dividend of $0.09. The ex-dividend date of this dividend was Thursday, December 18th.

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.