SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) Sees Significant Increase in Short Interest

SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) saw a significant growth in short interest during the month of 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. Approximately 1.4% of the company’s stock are sold short. Based on an average daily volume of 248,653 shares, the short-interest ratio is currently 0.9 days.

Hedge Funds Weigh In On SPDR SSGA My2028 Corporate Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Lido Advisors LLC boosted its position in shares of SPDR SSGA My2028 Corporate Bond ETF by 5,490.7% during the 1st quarter. Lido Advisors LLC now owns 12,291,898 shares of the company’s stock worth $306,744,000 after purchasing an additional 12,072,034 shares in the last quarter. Heartwood Wealth Advisors LLC boosted its position in shares of SPDR SSGA My2028 Corporate Bond ETF by 1.2% during the 4th 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 in the last quarter. Equitable Holdings Inc. boosted its position in shares of SPDR SSGA My2028 Corporate Bond ETF by 16.5% during the 3rd quarter. Equitable Holdings Inc. now owns 113,368 shares of the company’s stock worth $2,850,000 after purchasing an additional 16,057 shares in the last quarter. Gryphon Financial Partners LLC purchased a new stake in shares of SPDR SSGA My2028 Corporate Bond ETF during the 1st quarter worth $1,906,000. Finally, LPL Financial LLC boosted its position in shares of SPDR SSGA My2028 Corporate Bond ETF by 12.7% during the 4th quarter. LPL Financial LLC now owns 71,975 shares of the company’s stock worth $1,805,000 after purchasing an additional 8,125 shares in the last quarter.

SPDR SSGA My2028 Corporate Bond ETF Stock Performance

Shares of MYCH traded up $0.06 during mid-day trading on Thursday, reaching $24.89. 339,544 shares of the company’s stock were exchanged, compared to its average volume of 262,099. The business’s fifty day simple moving average is $24.91 and its 200-day simple moving average is $25.01. SPDR SSGA My2028 Corporate Bond ETF has a 52-week low of $24.80 and a 52-week high of $25.27.

SPDR SSGA My2028 Corporate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were given a $0.0865 dividend. This is a positive change from SPDR SSGA My2028 Corporate Bond ETF’s previous monthly dividend of $0.08. The ex-dividend date was Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 4.2%.

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.