SPDR SSGA My2026 Corporate Bond ETF (NASDAQ:MYCF) Sees Large Drop in Short Interest

SPDR SSGA My2026 Corporate Bond ETF (NASDAQ:MYCF) was the target of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 2,868 shares, a decline of 56.0% from the January 29th total of 6,519 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 6,183 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 6,183 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the company’s stock are sold short.

SPDR SSGA My2026 Corporate Bond ETF Stock Performance

NASDAQ MYCF traded up $0.01 during trading hours on Friday, hitting $25.11. 6,516 shares of the company traded hands, compared to its average volume of 7,636. The business’s 50-day moving average is $25.06 and its 200-day moving average is $25.07. SPDR SSGA My2026 Corporate Bond ETF has a twelve month low of $24.09 and a twelve month high of $27.41.

SPDR SSGA My2026 Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a $0.0843 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 4.0%.

Institutional Trading of SPDR SSGA My2026 Corporate Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fourth Dimension Wealth LLC bought a new position in shares of SPDR SSGA My2026 Corporate Bond ETF in the 3rd quarter valued at about $699,000. Marathon Capital Management raised its holdings in shares of SPDR SSGA My2026 Corporate Bond ETF by 106.0% in the 2nd quarter. Marathon Capital Management now owns 21,637 shares of the company’s stock valued at $543,000 after purchasing an additional 11,133 shares during the period. LPL Financial LLC raised its holdings in shares of SPDR SSGA My2026 Corporate Bond ETF by 22.8% in the 4th quarter. LPL Financial LLC now owns 200,115 shares of the company’s stock valued at $5,011,000 after purchasing an additional 37,149 shares during the period. Susquehanna International Group LLP lifted its stake in SPDR SSGA My2026 Corporate Bond ETF by 10.6% in the 3rd quarter. Susquehanna International Group LLP now owns 41,255 shares of the company’s stock valued at $1,037,000 after purchasing an additional 3,959 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in SPDR SSGA My2026 Corporate Bond ETF during the first quarter worth about $390,000.

SPDR SSGA My2026 Corporate Bond ETF Company Profile

The SPDR SSgA My2026 Corporate Bond ETF (MYCF) 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 2026. Bonds are USD-denominated. MYCF was launched on Sep 23, 2023 and is issued by State Street.