SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) Short Interest Up 492.8% in July

SPDR SSGA My2028 Corporate Bond ETF (NASDAQ:MYCH) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 744,118 shares, an increase of 492.8% from the July 15th total of 125,535 shares. Based on an average daily volume of 311,279 shares, the short-interest ratio is presently 2.4 days. Currently, 2.6% of the company’s shares are sold short.

SPDR SSGA My2028 Corporate Bond ETF Stock Performance

Shares of NASDAQ MYCH traded up $0.02 during trading hours on Wednesday, hitting $24.85. 1,626 shares of the company traded hands, compared to its average volume of 249,377. The company’s 50 day moving average price is $24.84 and its 200 day moving average price is $24.94. SPDR SSGA My2028 Corporate Bond ETF has a 12 month low of $24.76 and a 12 month high of $25.27.

SPDR SSGA My2028 Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were issued a dividend of $0.0892 per share. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Monday, August 3rd. This is an increase from SPDR SSGA My2028 Corporate Bond ETF’s previous monthly dividend of $0.09.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Gradient Investments LLC raised its stake 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 acquiring an additional 944 shares in the last quarter. Private Advisor Group LLC grew its stake in SPDR SSGA My2028 Corporate Bond ETF by 7.5% in the first quarter. Private Advisor Group LLC now owns 23,905 shares of the company’s stock worth $597,000 after purchasing an additional 1,660 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in SPDR SSGA My2028 Corporate Bond ETF by 7.5% during the 4th quarter. Sanctuary Advisors LLC now owns 26,899 shares of the company’s stock worth $675,000 after purchasing an additional 1,876 shares during the period. L2 Asset Management LLC increased its holdings in SPDR SSGA My2028 Corporate Bond ETF by 6.3% during the 4th quarter. L2 Asset Management LLC now owns 63,495 shares of the company’s stock worth $1,593,000 after purchasing an additional 3,783 shares during the period. Finally, LPL Financial LLC raised its position in SPDR SSGA My2028 Corporate Bond ETF by 12.7% during the 4th quarter. LPL Financial LLC now owns 71,975 shares of the company’s stock valued at $1,805,000 after purchasing an additional 8,125 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.