Short Interest in SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) Increases By 492.8%

SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 744,118 shares, a growth of 492.8% from the July 15th total of 125,535 shares. Based on an average daily volume of 311,279 shares, the short-interest ratio is currently 2.4 days. Approximately 2.6% of the company’s shares are short sold.

SPDR SSGA My2028 Corporate Bond ETF Stock Up 0.1%

Shares of SPDR SSGA My2028 Corporate Bond ETF stock opened at $24.88 on Friday. SPDR SSGA My2028 Corporate Bond ETF has a 12-month low of $24.76 and a 12-month high of $25.27. The stock has a 50 day moving average price of $24.84 and a two-hundred day moving average price of $24.93.

SPDR SSGA My2028 Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were paid a dividend of $0.0892 per share. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date was Monday, August 3rd. This is a positive change from SPDR SSGA My2028 Corporate Bond ETF’s previous monthly dividend of $0.09.

Institutional Investors Weigh In On SPDR SSGA My2028 Corporate Bond ETF

Several hedge funds have recently modified their holdings of MYCH. Fourth Dimension Wealth LLC bought a new position in SPDR SSGA My2028 Corporate Bond ETF during the fourth quarter worth $287,000. Private Advisor Group LLC lifted its stake in shares of SPDR SSGA My2028 Corporate Bond ETF by 15.7% in 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 period. Hobbs Group Advisors LLC acquired a new stake in SPDR SSGA My2028 Corporate Bond ETF during the fourth quarter worth about $575,000. Sanctuary Advisors LLC increased its stake 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 valued at $675,000 after acquiring an additional 1,876 shares during the period. Finally, Gradient Investments LLC raised its holdings in SPDR SSGA My2028 Corporate Bond ETF by 3.4% in the 2nd quarter. Gradient Investments LLC now owns 28,880 shares of the company’s stock valued at $719,000 after acquiring an additional 944 shares in the last quarter.

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.