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

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

Institutional Investors Weigh In On SPDR SSGA My2026 Corporate Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new position in SPDR SSGA My2026 Corporate Bond ETF during the first quarter worth $390,000. Opulen Financial Group LLC grew its position in shares of 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 purchasing an additional 6,023 shares during the period. Susquehanna International Group LLP increased 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 worth $1,037,000 after purchasing an additional 3,959 shares in the last quarter. Hobbs Group Advisors LLC increased its stake in shares of SPDR SSGA My2026 Corporate Bond ETF by 230.5% during the first 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 in the last quarter. Finally, Lido Advisors LLC acquired a new position in shares of SPDR SSGA My2026 Corporate Bond ETF during the 4th quarter worth about $2,466,000.

SPDR SSGA My2026 Corporate Bond ETF Stock Performance

MYCF stock traded down $0.02 during mid-day trading on Wednesday, reaching $25.04. 219 shares of the company’s stock were exchanged, compared to its average volume of 10,851. SPDR SSGA My2026 Corporate Bond ETF has a 12-month low of $24.53 and a 12-month high of $26.22. The stock’s 50 day moving average is $25.03 and its 200 day moving average is $25.04.

SPDR SSGA My2026 Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd were given a dividend of $0.0892 per share. This is a positive change 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 dividend yield of 4.3%.

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.