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

SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) was the target of a large growth in short interest in 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. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily volume of 248,653 shares, the days-to-cover ratio is currently 0.9 days.

SPDR SSGA My2028 Corporate Bond ETF Stock Performance

MYCH remained flat at $24.83 during trading on Wednesday. The company’s stock had a trading volume of 2,797 shares, compared to its average volume of 259,214. The company’s 50 day moving average price is $24.91 and its 200 day moving average price is $25.01. SPDR SSGA My2028 Corporate Bond ETF has a 52-week low of $24.70 and a 52-week high of $25.27.

SPDR SSGA My2028 Corporate Bond ETF Increases Dividend

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

Institutional Investors Weigh In On SPDR SSGA My2028 Corporate Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MYCH. Private Advisor Group LLC increased its position in SPDR SSGA My2028 Corporate Bond ETF by 15.7% in the 3rd quarter. Private Advisor Group LLC now owns 16,705 shares of the company’s stock valued at $420,000 after acquiring an additional 2,270 shares in the last quarter. Equitable Holdings Inc. increased its position in SPDR SSGA My2028 Corporate Bond ETF by 16.5% in the 3rd quarter. Equitable Holdings Inc. now owns 113,368 shares of the company’s stock valued at $2,850,000 after acquiring an additional 16,057 shares in the last quarter. L2 Asset Management LLC acquired a new stake in SPDR SSGA My2028 Corporate Bond ETF in the 3rd quarter valued at about $1,501,000. Gradient Investments LLC acquired a new stake in SPDR SSGA My2028 Corporate Bond ETF in the 4th quarter valued at about $729,000. Finally, Heartwood Wealth Advisors LLC increased its position in SPDR SSGA My2028 Corporate Bond ETF by 1.2% in the 4th 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.

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.