SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) Short Interest Up 557.1% in July

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in MYCH. Farther Finance Advisors LLC purchased a new stake in shares of SPDR SSGA My2028 Corporate Bond ETF in the 4th quarter worth approximately $805,000. Hobbs Group Advisors LLC bought a new position in shares of SPDR SSGA My2028 Corporate Bond ETF during the fourth quarter valued at approximately $575,000. Lido Advisors LLC purchased a new position in SPDR SSGA My2028 Corporate Bond ETF during the fourth quarter valued at approximately $5,515,000. Gryphon Financial Partners LLC purchased a new position in SPDR SSGA My2028 Corporate Bond ETF during the first quarter valued at approximately $1,906,000. Finally, Gradient Investments LLC raised its stake in SPDR SSGA My2028 Corporate Bond ETF by 3.4% in the second quarter. Gradient Investments LLC now owns 28,880 shares of the company’s stock worth $719,000 after buying an additional 944 shares in the last quarter.

SPDR SSGA My2028 Corporate Bond ETF Trading Up 0.1%

MYCH traded up $0.02 during trading on Friday, hitting $24.82. 267,774 shares of the stock were exchanged, compared to its average volume of 245,823. The firm has a 50 day simple moving average of $24.85 and a 200 day simple moving average of $24.96. SPDR SSGA My2028 Corporate Bond ETF has a 1 year low of $24.78 and a 1 year high of $25.27.

SPDR SSGA My2028 Corporate Bond ETF Increases Dividend

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

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.