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

SPDR SSGA My2026 Corporate Bond ETF (NASDAQ:MYCF) saw a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 56 shares, a drop of 85.4% from the July 30th total of 384 shares. Based on an average daily trading volume, of 6,124 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

SPDR SSGA My2026 Corporate Bond ETF Price Performance

NASDAQ MYCF traded down $0.02 during trading on Wednesday, hitting $25.04. The company’s stock had a trading volume of 219 shares, compared to its average volume of 10,851. SPDR SSGA My2026 Corporate Bond ETF has a fifty-two week low of $24.53 and a fifty-two week high of $26.22. The business’s 50 day simple moving average is $25.03 and its 200-day simple moving average is $25.04.

SPDR SSGA My2026 Corporate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were paid a $0.0892 dividend. This is a boost from SPDR SSGA My2026 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 yield of 4.3%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in MYCF. Jane Street Group LLC purchased a new stake in shares of SPDR SSGA My2026 Corporate Bond ETF during the first quarter valued at $390,000. Opulen Financial Group LLC raised its stake in SPDR SSGA My2026 Corporate Bond ETF by 58.0% in the 4th quarter. Opulen Financial Group LLC now owns 16,399 shares of the company’s stock worth $411,000 after acquiring an additional 6,023 shares during the last quarter. Susquehanna International Group LLP lifted its position in SPDR SSGA My2026 Corporate Bond ETF by 10.6% during the 3rd quarter. Susquehanna International Group LLP now owns 41,255 shares of the company’s stock worth $1,037,000 after acquiring an additional 3,959 shares during the period. Hobbs Group Advisors LLC lifted its position in SPDR SSGA My2026 Corporate Bond ETF by 230.5% during the 1st quarter. Hobbs Group Advisors LLC now owns 75,924 shares of the company’s stock worth $1,902,000 after acquiring an additional 52,952 shares during the period. Finally, Lido Advisors LLC purchased a new stake in SPDR SSGA My2026 Corporate Bond ETF during the 4th quarter valued at about $2,466,000.

About SPDR SSGA My2026 Corporate Bond ETF

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.