SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) Short Interest Up 142.8% in January

SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 6,939 shares, an increase of 142.8% from the December 31st total of 2,858 shares. Based on an average daily trading volume, of 26,018 shares, the short-interest ratio is currently 0.3 days. Approximately 0.4% of the company’s shares are short sold. Approximately 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 26,018 shares, the short-interest ratio is currently 0.3 days.

SPDR SSGA My2028 Corporate Bond ETF Stock Up 0.0%

Shares of MYCH stock traded up $0.01 during trading on Thursday, hitting $25.15. 61,615 shares of the stock traded hands, compared to its average volume of 99,011. SPDR SSGA My2028 Corporate Bond ETF has a 52-week low of $24.49 and a 52-week high of $25.27. The firm’s fifty day moving average price is $25.08 and its 200-day moving average price is $25.07.

SPDR SSGA My2028 Corporate Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Thursday, December 18th were paid a $0.0946 dividend. This is a boost from SPDR SSGA My2028 Corporate Bond ETF’s previous dividend of $0.09. The ex-dividend date of this dividend was Thursday, December 18th.

Institutional Trading of SPDR SSGA My2028 Corporate Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Exchange Capital Management Inc. boosted its stake in SPDR SSGA My2028 Corporate Bond ETF by 40.8% during the second quarter. Exchange Capital Management Inc. now owns 199,036 shares of the company’s stock worth $4,985,000 after buying an additional 57,716 shares during the period. Sanctuary Advisors LLC lifted its holdings in shares of 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 worth $675,000 after acquiring an additional 1,876 shares during the last quarter. Hobbs Group Advisors LLC purchased a new position in shares of SPDR SSGA My2028 Corporate Bond ETF during the 4th quarter worth approximately $575,000. Farther Finance Advisors LLC acquired a new stake in SPDR SSGA My2028 Corporate Bond ETF in the 4th quarter valued at approximately $805,000. Finally, Equitable Holdings Inc. raised its position in 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 during the period.

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.