SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) Short Interest Up 596.3% in February

SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) was the recipient of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 482,170 shares, a growth of 596.3% from the January 29th total of 69,244 shares. Approximately 17.9% of the company’s shares are short sold. Based on an average trading volume of 280,980 shares, the short-interest ratio is currently 1.7 days. Based on an average trading volume of 280,980 shares, the short-interest ratio is currently 1.7 days. Approximately 17.9% of the company’s shares are short sold.

Institutional Investors Weigh In On SPDR SSGA My2028 Corporate Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of MYCH. Sanctuary Advisors LLC lifted its position in shares of SPDR SSGA My2028 Corporate Bond ETF by 7.5% during the 4th quarter. Sanctuary Advisors LLC now owns 26,899 shares of the company’s stock worth $675,000 after buying an additional 1,876 shares during the last quarter. 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 worth $420,000 after acquiring an additional 2,270 shares in the last quarter. L2 Asset Management LLC lifted its position in SPDR SSGA My2028 Corporate Bond ETF by 6.3% in the fourth quarter. L2 Asset Management LLC now owns 63,495 shares of the company’s stock valued at $1,593,000 after acquiring an additional 3,783 shares during the last quarter. Heartwood Wealth Advisors LLC boosted its stake in SPDR SSGA My2028 Corporate Bond ETF by 1.2% in the fourth 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 in the last quarter. Finally, LPL Financial LLC boosted its stake in 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 acquiring an additional 8,125 shares in the last quarter.

SPDR SSGA My2028 Corporate Bond ETF Stock Performance

Shares of NASDAQ MYCH traded up $0.02 during mid-day trading on Friday, reaching $25.19. 160,823 shares of the company’s stock were exchanged, compared to its average volume of 223,265. The company’s 50-day moving average is $25.10 and its 200-day moving average is $25.10. SPDR SSGA My2028 Corporate Bond ETF has a 52-week low of $24.49 and a 52-week high of $25.27.

SPDR SSGA My2028 Corporate Bond ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were given a dividend of $0.0911 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%.

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.