SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) Short Interest Up 692.5% in May

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

SPDR SSGA My2028 Corporate Bond ETF Trading Up 0.2%

Shares of MYCH opened at $24.89 on Friday. SPDR SSGA My2028 Corporate Bond ETF has a 52-week low of $24.80 and a 52-week high of $25.27. The firm has a 50-day moving average price of $24.90 and a 200 day moving average price of $25.01.

SPDR SSGA My2028 Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were issued 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

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

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.