SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) Short Interest Down 99.7% in June

SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 667 shares, a drop of 99.7% from the May 31st total of 229,117 shares. Based on an average daily volume of 306,838 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

SPDR SSGA My2028 Corporate Bond ETF Stock Up 0.1%

MYCH stock opened at $24.88 on Friday. The business has a 50-day moving average of $24.89 and a 200-day moving average of $24.99. SPDR SSGA My2028 Corporate Bond ETF has a fifty-two week low of $24.80 and a fifty-two week high of $25.27.

SPDR SSGA My2028 Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were paid 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 positive change from SPDR SSGA My2028 Corporate Bond ETF’s previous monthly dividend of $0.08.

Hedge Funds Weigh In On SPDR SSGA My2028 Corporate Bond ETF

A number of large investors have recently bought and sold shares of the company. Private Advisor Group LLC raised its holdings in shares of SPDR SSGA My2028 Corporate Bond ETF by 7.5% in the first quarter. Private Advisor Group LLC now owns 23,905 shares of the company’s stock valued at $597,000 after purchasing an additional 1,660 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in SPDR SSGA My2028 Corporate Bond ETF by 7.5% during the fourth quarter. Sanctuary Advisors LLC now owns 26,899 shares of the company’s stock worth $675,000 after purchasing an additional 1,876 shares during the last quarter. L2 Asset Management LLC grew its position in SPDR SSGA My2028 Corporate Bond ETF by 6.3% in the fourth quarter. L2 Asset Management LLC now owns 63,495 shares of the company’s stock valued at $1,593,000 after purchasing an additional 3,783 shares in the last quarter. Heartwood Wealth Advisors LLC grew its position in 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. Finally, LPL Financial LLC grew its position in SPDR SSGA My2028 Corporate Bond ETF by 12.7% in the fourth quarter. LPL Financial LLC now owns 71,975 shares of the company’s stock valued at $1,805,000 after purchasing an additional 8,125 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.