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 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. Based on an average daily trading volume, of 165,090 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

SPDR SSGA My2028 Corporate Bond ETF Price Performance

Shares of SPDR SSGA My2028 Corporate Bond ETF stock remained flat at $24.82 during trading on Friday. 74,573 shares of the stock traded hands, compared to its average volume of 247,748. The stock’s 50-day simple moving average is $24.87 and its 200 day simple moving average is $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 company also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were paid a $0.0883 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 4.3%. This is a positive change 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

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