SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) Short Interest Update

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

Institutional Investors Weigh In On SPDR SSGA My2028 Corporate Bond ETF

Hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC purchased a new position in SPDR SSGA My2028 Corporate Bond ETF in the 4th quarter worth about $805,000. Hobbs Group Advisors LLC acquired a new stake in SPDR SSGA My2028 Corporate Bond ETF during the 4th quarter worth about $575,000. Lido Advisors LLC purchased a new stake in SPDR SSGA My2028 Corporate Bond ETF during the fourth quarter valued at about $5,515,000. Gryphon Financial Partners LLC purchased a new stake in SPDR SSGA My2028 Corporate Bond ETF during the first quarter valued at about $1,906,000. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of SPDR SSGA My2028 Corporate Bond ETF in the fourth quarter worth about $287,000.

SPDR SSGA My2028 Corporate Bond ETF Trading Up 0.1%

SPDR SSGA My2028 Corporate Bond ETF stock traded up $0.02 during mid-day trading on Friday, hitting $24.82. The company’s stock had a trading volume of 267,774 shares, compared to its average volume of 245,823. SPDR SSGA My2028 Corporate Bond ETF has a twelve month low of $24.78 and a twelve month high of $25.27. The stock’s fifty 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 business also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were issued a $0.0883 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Wednesday, July 1st. This is a positive change from SPDR SSGA My2028 Corporate Bond ETF’s previous monthly dividend of $0.09.

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.