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

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

SPDR SSGA My2028 Corporate Bond ETF Stock Up 0.1%

MYCH traded up $0.02 on Wednesday, hitting $24.85. 1,626 shares of the company’s stock traded hands, compared to its average volume of 249,377. The company’s 50 day simple moving average is $24.84 and its 200-day simple moving average is $24.94. SPDR SSGA My2028 Corporate Bond ETF has a one year low of $24.76 and a one year high of $25.27.

SPDR SSGA My2028 Corporate Bond ETF Increases Dividend

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

Hedge Funds Weigh In On SPDR SSGA My2028 Corporate Bond ETF

Institutional investors have recently bought and sold shares of the stock. Fourth Dimension Wealth LLC purchased a new stake in SPDR SSGA My2028 Corporate Bond ETF in the 4th quarter worth $287,000. Private Advisor Group LLC grew its position 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 purchasing an additional 2,270 shares in the last quarter. Hobbs Group Advisors LLC bought a new stake in shares of SPDR SSGA My2028 Corporate Bond ETF in the fourth quarter worth about $575,000. Sanctuary Advisors LLC increased its holdings in shares of SPDR SSGA My2028 Corporate Bond ETF by 7.5% in 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. Finally, Gradient Investments LLC increased its holdings in shares of 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 purchasing an additional 944 shares during 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.