SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) Sees Significant Increase in Short Interest

SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) was the target of a significant growth in short interest during 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. Based on an average trading volume of 163,807 shares, the short-interest ratio is currently 0.8 days. Approximately 0.5% of the shares of the stock are short sold.

SPDR SSGA My2028 Corporate Bond ETF Price Performance

MYCH stock opened at $24.82 on Monday. SPDR SSGA My2028 Corporate Bond ETF has a one year low of $24.78 and a one year high of $25.27. The company’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 announced a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were issued a dividend of $0.0883 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 4.3%. This is an increase from SPDR SSGA My2028 Corporate Bond ETF’s previous monthly dividend of $0.09.

Hedge Funds Weigh In On SPDR SSGA My2028 Corporate Bond ETF

Large investors have recently added to or reduced their stakes in the business. Fourth Dimension Wealth LLC purchased a new stake in SPDR SSGA My2028 Corporate Bond ETF during the fourth quarter valued at about $287,000. Private Advisor Group LLC increased its holdings 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 worth $420,000 after buying an additional 2,270 shares during the period. Hobbs Group Advisors LLC purchased a new position 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 buying an additional 1,876 shares during the period. Finally, Gradient Investments LLC lifted its stake 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 acquiring an additional 944 shares during 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.