SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) Sees Large Growth in Short Interest

SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 19,103 shares, a growth of 2,764.0% from the June 15th total of 667 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 165,090 shares, the short-interest ratio is presently 0.1 days.

SPDR SSGA My2028 Corporate Bond ETF Price Performance

MYCH stock remained flat at $24.82 during trading on Friday. 74,573 shares of the company traded hands, compared to its average volume of 247,748. The firm has a fifty day moving average price of $24.87 and a 200 day moving average price of $24.97. SPDR SSGA My2028 Corporate Bond ETF has a 1-year low of $24.80 and a 1-year high of $25.27.

SPDR SSGA My2028 Corporate Bond ETF Increases Dividend

The business also recently declared 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 is a positive change from SPDR SSGA My2028 Corporate Bond ETF’s previous monthly dividend of $0.09. The ex-dividend date was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%.

Institutional Trading of SPDR SSGA My2028 Corporate Bond ETF

A number of institutional investors have recently made changes to their positions in the stock. Fourth Dimension Wealth LLC acquired a new position in shares of SPDR SSGA My2028 Corporate Bond ETF in the 4th quarter worth $287,000. Private Advisor Group LLC raised 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 worth $420,000 after purchasing an additional 2,270 shares during the period. Hobbs Group Advisors LLC purchased a new stake in shares of SPDR SSGA My2028 Corporate Bond ETF during the fourth quarter valued at $575,000. Sanctuary Advisors LLC lifted its holdings in shares of 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 purchasing an additional 1,876 shares during the last quarter. Finally, Gradient Investments LLC boosted its position in shares of 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 purchasing an additional 944 shares during the period.

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.