SPDR SSGA My2026 Corporate Bond ETF (NASDAQ:MYCF) Sees Large Increase in Short Interest

SPDR SSGA My2026 Corporate Bond ETF (NASDAQ:MYCF) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 20,676 shares, a growth of 36,821.4% from the August 15th total of 56 shares. Currently, 1.1% of the company’s stock are short sold. Based on an average daily trading volume, of 20,594 shares, the short-interest ratio is currently 1.0 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC purchased a new stake in SPDR SSGA My2026 Corporate Bond ETF in the 1st quarter worth approximately $390,000. Opulen Financial Group LLC grew its holdings in shares of SPDR SSGA My2026 Corporate Bond ETF by 58.0% during the 4th quarter. Opulen Financial Group LLC now owns 16,399 shares of the company’s stock valued at $411,000 after acquiring an additional 6,023 shares in the last quarter. Susquehanna International Group LLP increased its stake in shares of SPDR SSGA My2026 Corporate Bond ETF by 10.6% in the third 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 last quarter. Citadel Advisors LLC raised its holdings in shares of SPDR SSGA My2026 Corporate Bond ETF by 208.9% during the second 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 in the last quarter. Finally, Hobbs Group Advisors LLC raised its holdings 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 acquiring an additional 52,952 shares in the last quarter.

SPDR SSGA My2026 Corporate Bond ETF Price Performance

Shares of SPDR SSGA My2026 Corporate Bond ETF stock opened at $25.03 on Friday. SPDR SSGA My2026 Corporate Bond ETF has a 1 year low of $24.53 and a 1 year high of $26.22. The stock has a 50-day moving average price of $25.03 and a 200 day moving average price of $25.03.

SPDR SSGA My2026 Corporate Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were given a $0.0874 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Tuesday, September 1st.

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.