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 September. As of September 30th, there was short interest totaling 1,082 shares, a decrease of 93.9% from the September 15th total of 17,844 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 18,864 shares, the days-to-cover ratio is currently 0.1 days.

SPDR SSGA My2026 Corporate Bond ETF Stock Performance

Shares of NASDAQ MYCF traded up $0.02 during mid-day trading on Friday, reaching $25.02. 3,280 shares of the company traded hands, compared to its average volume of 11,491. The company’s fifty day moving average is $25.02 and its two-hundred day moving average is $25.03. SPDR SSGA My2026 Corporate Bond ETF has a fifty-two week low of $24.53 and a fifty-two week high of $26.22.

SPDR SSGA My2026 Corporate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders 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 an increase 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 yield of 4.2%.

Hedge Funds Weigh In On SPDR SSGA My2026 Corporate Bond ETF

A number of institutional investors have recently modified their holdings of MYCF. Gradient Investments LLC bought a new stake in shares of SPDR SSGA My2026 Corporate Bond ETF during the 3rd quarter worth $4,466,000. Lido Advisors LLC raised its holdings in SPDR SSGA My2026 Corporate Bond ETF by 15.7% in the 1st quarter. Lido Advisors LLC now owns 113,967 shares of the company’s stock worth $2,855,000 after acquiring an additional 15,474 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 last quarter. Finally, Citadel Advisors LLC lifted its position 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 acquiring an additional 33,803 shares during the last quarter.

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.