Short Interest in SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) Decreases By 22.7%

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

Institutional Investors Weigh In On SPDR SSGA My2028 Corporate Bond ETF

A number of large investors have recently added to or reduced their stakes in MYCH. Sanctuary Advisors LLC raised its holdings in SPDR SSGA My2028 Corporate Bond ETF by 7.5% in the 4th quarter. Sanctuary Advisors LLC now owns 26,899 shares of the company’s stock valued at $675,000 after acquiring an additional 1,876 shares in the last quarter. Private Advisor Group LLC grew 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 purchasing an additional 2,270 shares in the last quarter. L2 Asset Management LLC grew its holdings 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 in the last quarter. Heartwood Wealth Advisors LLC increased its position in shares of 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 worth $8,522,000 after purchasing an additional 3,995 shares during the period. Finally, LPL Financial LLC raised 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 purchasing an additional 8,125 shares in the last quarter.

SPDR SSGA My2028 Corporate Bond ETF Price Performance

Shares of NASDAQ:MYCH traded down $0.01 on Friday, hitting $24.90. The company had a trading volume of 212,444 shares, compared to its average volume of 238,564. SPDR SSGA My2028 Corporate Bond ETF has a 1-year low of $24.49 and a 1-year high of $25.27. The stock has a 50 day moving average price of $25.10 and a 200 day moving average price of $25.10.

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. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 4.1%.

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.