SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) Short Interest Update

SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 125,535 shares, an increase of 557.1% from the June 30th total of 19,103 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 163,807 shares, the short-interest ratio is presently 0.8 days.

Hedge Funds Weigh In On SPDR SSGA My2028 Corporate Bond ETF

A number of large investors have recently made changes to their positions in MYCH. Farther Finance Advisors LLC acquired a new stake in shares of SPDR SSGA My2028 Corporate Bond ETF during the 4th quarter valued at $805,000. Hobbs Group Advisors LLC purchased a new position in SPDR SSGA My2028 Corporate Bond ETF in the fourth quarter valued at about $575,000. Lido Advisors LLC acquired a new position in SPDR SSGA My2028 Corporate Bond ETF in the 4th quarter worth about $5,515,000. Gryphon Financial Partners LLC purchased a new stake in shares of SPDR SSGA My2028 Corporate Bond ETF during the 1st quarter worth about $1,906,000. Finally, Private Advisor Group LLC lifted its holdings in shares of SPDR SSGA My2028 Corporate Bond ETF by 7.5% during the 1st quarter. Private Advisor Group LLC now owns 23,905 shares of the company’s stock valued at $597,000 after buying an additional 1,660 shares during the last quarter.

SPDR SSGA My2028 Corporate Bond ETF Stock Performance

Shares of MYCH stock traded up $0.02 on Friday, reaching $24.82. 267,774 shares of the company’s stock traded hands, compared to its average volume of 245,823. SPDR SSGA My2028 Corporate Bond ETF has a 12-month low of $24.78 and a 12-month high of $25.27. The business’s 50 day moving average price is $24.85 and its two-hundred day moving average price is $24.96.

SPDR SSGA My2028 Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.0883 per share. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Wednesday, July 1st. This is a boost from SPDR SSGA My2028 Corporate Bond ETF’s previous monthly dividend of $0.09.

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.