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

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

SPDR SSGA My2028 Corporate Bond ETF Trading Up 0.1%

NASDAQ:MYCH traded up $0.03 during trading hours on Thursday, reaching $24.88. The company had a trading volume of 95,659 shares, compared to its average volume of 255,507. The firm’s 50 day moving average price is $24.84 and its 200-day moving average price is $24.93. SPDR SSGA My2028 Corporate Bond ETF has a 52 week low of $24.76 and a 52 week high of $25.27.

SPDR SSGA My2028 Corporate Bond ETF Increases Dividend

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

Institutional Trading of SPDR SSGA My2028 Corporate Bond ETF

A number of hedge funds have recently bought and sold shares of the company. Fourth Dimension Wealth LLC purchased a new position in SPDR SSGA My2028 Corporate Bond ETF in the fourth quarter worth about $287,000. Private Advisor Group LLC increased its position in shares of SPDR SSGA My2028 Corporate Bond ETF by 15.7% during the 3rd 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 stake in shares of SPDR SSGA My2028 Corporate Bond ETF during the 4th quarter valued at about $575,000. Sanctuary Advisors LLC lifted its stake in shares of SPDR SSGA My2028 Corporate Bond ETF by 7.5% in 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. 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 worth $719,000 after purchasing an additional 944 shares during the period.

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.