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

SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totaling 17,410 shares, a growth of 185.4% from the March 31st total of 6,101 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 223,760 shares, the short-interest ratio is presently 0.1 days.

SPDR SSGA My2028 Corporate Bond ETF Trading Down 0.1%

Shares of MYCH stock traded down $0.03 during trading on Monday, reaching $24.97. The company’s stock had a trading volume of 1,634 shares, compared to its average volume of 246,403. The stock’s 50-day moving average price is $24.99 and its 200 day moving average price is $25.06. SPDR SSGA My2028 Corporate Bond ETF has a 1-year low of $24.70 and a 1-year high of $25.27.

SPDR SSGA My2028 Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, April 6th. Investors of record on Wednesday, April 1st were issued a $0.083 dividend. The ex-dividend date was Wednesday, April 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MYCH. Private Advisor Group LLC grew its holdings in shares of SPDR SSGA My2028 Corporate Bond ETF by 15.7% in the third quarter. Private Advisor Group LLC now owns 16,705 shares of the company’s stock valued at $420,000 after purchasing an additional 2,270 shares in the last quarter. Equitable Holdings Inc. grew its holdings in shares of SPDR SSGA My2028 Corporate Bond ETF by 16.5% in the third quarter. Equitable Holdings Inc. now owns 113,368 shares of the company’s stock valued at $2,850,000 after purchasing an additional 16,057 shares in the last quarter. L2 Asset Management LLC acquired a new position in shares of SPDR SSGA My2028 Corporate Bond ETF in the third quarter valued at approximately $1,501,000. Gradient Investments LLC acquired a new position in shares of SPDR SSGA My2028 Corporate Bond ETF in the fourth quarter valued at approximately $729,000. Finally, Heartwood Wealth Advisors LLC grew its holdings 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 valued at $8,522,000 after purchasing an additional 3,995 shares in 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.