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

SPDR SSGA My2026 Corporate Bond ETF (NASDAQ:MYCF) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 1,082 shares, a decline of 93.9% from the September 15th total of 17,844 shares. Based on an average daily trading volume, of 18,864 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Gradient Investments LLC purchased a new position in SPDR SSGA My2026 Corporate Bond ETF in the third quarter valued at about $4,466,000. Lido Advisors LLC increased its holdings in SPDR SSGA My2026 Corporate Bond ETF by 15.7% during the 1st quarter. Lido Advisors LLC now owns 113,967 shares of the company’s stock worth $2,855,000 after purchasing an additional 15,474 shares during the last quarter. Hobbs Group Advisors LLC increased its holdings 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 purchasing an additional 52,952 shares during the last quarter. Finally, Citadel Advisors LLC increased its holdings in SPDR SSGA My2026 Corporate Bond ETF by 208.9% during the 2nd quarter. Citadel Advisors LLC now owns 49,984 shares of the company’s stock worth $1,253,000 after purchasing an additional 33,803 shares during the last quarter.

SPDR SSGA My2026 Corporate Bond ETF Stock Performance

NASDAQ:MYCF traded up $0.02 on Friday, reaching $25.02. The stock had a trading volume of 3,280 shares, compared to its average volume of 11,491. The company has a 50-day moving average of $25.02 and a 200 day moving average of $25.03. SPDR SSGA My2026 Corporate Bond ETF has a 12-month low of $24.53 and a 12-month high of $26.22.

SPDR SSGA My2026 Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were given a dividend of $0.0874 per share. The ex-dividend date of this dividend was Thursday, October 1st. This is a positive change from SPDR SSGA My2026 Corporate Bond ETF’s previous monthly dividend of $0.0874. This represents a $1.05 dividend on an annualized basis and a dividend yield of 4.2%.

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.