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 during 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 presently 0.3 days. Approximately 0.4% of the shares of the company are short sold. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 26,018 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On SPDR SSGA My2028 Corporate Bond ETF

Several institutional investors have recently modified their holdings of MYCH. Exchange Capital Management Inc. increased its holdings in shares of SPDR SSGA My2028 Corporate Bond ETF by 40.8% in the 2nd quarter. Exchange Capital Management Inc. now owns 199,036 shares of the company’s stock worth $4,985,000 after acquiring an additional 57,716 shares during the period. Heartwood Wealth Advisors LLC increased its stake in shares of SPDR SSGA My2028 Corporate Bond ETF by 2.0% in the third quarter. Heartwood Wealth Advisors LLC now owns 335,718 shares of the company’s stock valued at $8,438,000 after purchasing an additional 6,529 shares during the period. Beacon Financial Group acquired a new stake in shares of SPDR SSGA My2028 Corporate Bond ETF in the third quarter valued at approximately $221,000. Private Advisor Group LLC raised its holdings in shares of SPDR SSGA My2028 Corporate Bond ETF by 15.7% during the third quarter. Private Advisor Group LLC now owns 16,705 shares of the company’s stock valued at $420,000 after buying an additional 2,270 shares during the last quarter. Finally, Equitable Holdings Inc. boosted its position in shares of SPDR SSGA My2028 Corporate Bond ETF by 16.5% during the third quarter. Equitable Holdings Inc. now owns 113,368 shares of the company’s stock worth $2,850,000 after buying an additional 16,057 shares during the period.

SPDR SSGA My2028 Corporate Bond ETF Stock Performance

MYCH stock traded up $0.02 during midday trading on Friday, reaching $25.17. The company had a trading volume of 142,623 shares, compared to its average volume of 101,191. The stock has a 50 day moving average price of $25.08 and a 200 day moving average price of $25.07. SPDR SSGA My2028 Corporate Bond ETF has a fifty-two week low of $24.49 and a fifty-two week high of $25.27.

SPDR SSGA My2028 Corporate Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Thursday, December 18th were given 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.

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.