SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) Short Interest Update

SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) was the recipient of a large decline in short interest in February. As of February 27th, there was short interest totaling 372,553 shares, a decline of 22.7% from the February 12th total of 482,170 shares. Based on an average daily trading volume, of 422,499 shares, the days-to-cover ratio is currently 0.9 days. Approximately 13.8% of the company’s stock are short sold. Approximately 13.8% of the company’s stock are short sold. Based on an average daily trading volume, of 422,499 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. L2 Asset Management LLC increased its position in shares of SPDR SSGA My2028 Corporate Bond ETF by 6.3% during the 4th quarter. L2 Asset Management LLC now owns 63,495 shares of the company’s stock worth $1,593,000 after purchasing an additional 3,783 shares during the last quarter. LPL Financial LLC grew its stake in shares of SPDR SSGA My2028 Corporate Bond ETF by 12.7% in the fourth quarter. LPL Financial LLC now owns 71,975 shares of the company’s stock valued at $1,805,000 after buying an additional 8,125 shares in the last quarter. Lido Advisors LLC acquired a new position in SPDR SSGA My2028 Corporate Bond ETF during the fourth quarter worth $5,515,000. Fourth Dimension Wealth LLC acquired a new position in SPDR SSGA My2028 Corporate Bond ETF during the fourth quarter worth $287,000. Finally, Sanctuary Advisors LLC raised its position in SPDR SSGA My2028 Corporate Bond ETF by 7.5% during the fourth 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 SPDR SSGA My2028 Corporate Bond ETF stock traded down $0.01 during trading hours on Friday, reaching $24.90. 212,444 shares of the company’s stock were exchanged, compared to its average volume of 238,564. The company has a 50 day moving average of $25.10 and a two-hundred day moving average of $25.10. SPDR SSGA My2028 Corporate Bond ETF has a fifty-two week low of $24.49 and a fifty-two week high of $25.27.

SPDR SSGA My2028 Corporate Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a dividend of $0.0851 per share. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date was Monday, March 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.