SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) Short Interest Up 897.9% in January

SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) was the target of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 69,244 shares, an increase of 897.9% from the January 15th total of 6,939 shares. Based on an average daily volume of 176,367 shares, the days-to-cover ratio is presently 0.4 days. Approximately 2.6% of the shares of the stock are short sold. Approximately 2.6% of the shares of the stock are short sold. Based on an average daily volume of 176,367 shares, the days-to-cover ratio is presently 0.4 days.

SPDR SSGA My2028 Corporate Bond ETF Price Performance

NASDAQ:MYCH traded up $0.02 on Tuesday, reaching $25.13. The stock had a trading volume of 346,971 shares, compared to its average volume of 124,269. The stock has a fifty day moving average price of $25.08 and a 200-day moving average price of $25.08. SPDR SSGA My2028 Corporate Bond ETF has a 1-year low of $24.49 and a 1-year high of $25.27.

SPDR SSGA My2028 Corporate Bond ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were issued a dividend of $0.0911 per share. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Monday, February 2nd.

Hedge Funds Weigh In On SPDR SSGA My2028 Corporate Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Lido Advisors LLC bought a new position in shares of SPDR SSGA My2028 Corporate Bond ETF in the fourth quarter valued at about $5,515,000. Fourth Dimension Wealth LLC acquired a new stake in SPDR SSGA My2028 Corporate Bond ETF in the 4th quarter valued at about $287,000. Sanctuary Advisors LLC raised its stake in shares of SPDR SSGA My2028 Corporate Bond ETF by 7.5% in 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 during the last quarter. Hobbs Group Advisors LLC acquired a new position in shares of SPDR SSGA My2028 Corporate Bond ETF during the fourth quarter worth approximately $575,000. Finally, Farther Finance Advisors LLC bought a new stake in shares of SPDR SSGA My2028 Corporate Bond ETF during the fourth quarter valued at approximately $805,000.

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.