Short Interest in SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) Grows By 2,764.0%

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

Institutional Investors Weigh In On SPDR SSGA My2028 Corporate Bond ETF

Institutional investors have recently added to or reduced their stakes in the business. Fourth Dimension Wealth LLC purchased a new position in shares of SPDR SSGA My2028 Corporate Bond ETF during the 4th quarter worth approximately $287,000. Private Advisor Group LLC grew its holdings in 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 purchasing an additional 2,270 shares during the last quarter. Hobbs Group Advisors LLC purchased a new position in shares of SPDR SSGA My2028 Corporate Bond ETF in the fourth quarter valued at $575,000. Sanctuary Advisors LLC increased its position 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 valued at $675,000 after buying an additional 1,876 shares in the last quarter. Finally, Gradient Investments LLC raised its stake in shares of SPDR SSGA My2028 Corporate Bond ETF by 3.4% during the 2nd quarter. Gradient Investments LLC now owns 28,880 shares of the company’s stock worth $719,000 after buying an additional 944 shares during the last quarter.

SPDR SSGA My2028 Corporate Bond ETF Stock Performance

Shares of MYCH stock remained flat at $24.82 during trading hours on Friday. The stock had a trading volume of 74,573 shares, compared to its average volume of 247,748. SPDR SSGA My2028 Corporate Bond ETF has a 1-year low of $24.80 and a 1-year high of $25.27. The stock 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 Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were given a $0.0883 dividend. This is a boost 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) annualized dividend and a yield of 4.3%.

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.