SPDR SSGA My2026 Corporate Bond ETF (NASDAQ:MYCF) Sees Significant Growth in Short Interest

SPDR SSGA My2026 Corporate Bond ETF (NASDAQ:MYCF) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 3,452 shares, an increase of 20.4% from the February 12th total of 2,868 shares. Based on an average daily trading volume, of 8,138 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company’s shares are short sold. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 8,138 shares, the short-interest ratio is currently 0.4 days.

SPDR SSGA My2026 Corporate Bond ETF Stock Performance

Shares of MYCF remained flat at $25.03 during trading hours on Tuesday. The company had a trading volume of 2,832 shares, compared to its average volume of 8,807. The stock has a 50-day simple moving average of $25.06 and a two-hundred day simple moving average of $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 Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a dividend of $0.0885 per share. This is a boost from SPDR SSGA My2026 Corporate Bond ETF’s previous monthly dividend of $0.08. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 4.2%.

Institutional Investors Weigh In On SPDR SSGA My2026 Corporate Bond ETF

Several hedge funds have recently modified their holdings of MYCF. Susquehanna International Group LLP raised its stake in shares of SPDR SSGA My2026 Corporate Bond ETF by 10.6% during the third 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 period. Opulen Financial Group LLC increased its holdings in SPDR SSGA My2026 Corporate Bond ETF by 58.0% in the fourth quarter. Opulen Financial Group LLC now owns 16,399 shares of the company’s stock valued at $411,000 after buying an additional 6,023 shares during the last quarter. Marathon Capital Management raised its position in shares of SPDR SSGA My2026 Corporate Bond ETF by 106.0% during the 2nd quarter. Marathon Capital Management now owns 21,637 shares of the company’s stock valued at $543,000 after acquiring an additional 11,133 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of SPDR SSGA My2026 Corporate Bond ETF during the first quarter worth $390,000. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of SPDR SSGA My2026 Corporate Bond ETF during the fourth quarter worth $575,000.

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.