SPDR SSGA My2026 Corporate Bond ETF (NASDAQ:MYCF) Short Interest Update

SPDR SSGA My2026 Corporate Bond ETF (NASDAQ:MYCF) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 22,361 shares, a growth of 547.8% from the February 26th total of 3,452 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average daily volume of 13,515 shares, the days-to-cover ratio is currently 1.7 days. Based on an average daily volume of 13,515 shares, the days-to-cover ratio is currently 1.7 days. Currently, 1.1% of the company’s shares are sold short.

Hedge Funds Weigh In On SPDR SSGA My2026 Corporate Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of MYCF. Fourth Dimension Wealth LLC purchased a new position in SPDR SSGA My2026 Corporate Bond ETF during the third quarter valued at approximately $699,000. Opulen Financial Group LLC lifted its holdings in SPDR SSGA My2026 Corporate Bond ETF by 58.0% during the fourth quarter. Opulen Financial Group LLC now owns 16,399 shares of the company’s stock worth $411,000 after buying an additional 6,023 shares during the period. Marathon Capital Management boosted its position in SPDR SSGA My2026 Corporate Bond ETF by 106.0% during the 2nd quarter. Marathon Capital Management now owns 21,637 shares of the company’s stock valued at $543,000 after acquiring an additional 11,133 shares in the last quarter. Jane Street Group LLC bought a new stake in SPDR SSGA My2026 Corporate Bond ETF during the 1st quarter valued at $390,000. Finally, LPL Financial LLC increased its holdings in shares of SPDR SSGA My2026 Corporate Bond ETF by 22.8% in the 4th quarter. LPL Financial LLC now owns 200,115 shares of the company’s stock valued at $5,011,000 after acquiring an additional 37,149 shares during the period.

SPDR SSGA My2026 Corporate Bond ETF Price Performance

Shares of MYCF stock traded down $0.01 during mid-day trading on Tuesday, hitting $25.04. The stock had a trading volume of 5,884 shares, compared to its average volume of 8,843. SPDR SSGA My2026 Corporate Bond ETF has a 12-month low of $24.09 and a 12-month high of $27.41. The firm’s 50-day moving average is $25.06 and its two-hundred day moving average is $25.07.

SPDR SSGA My2026 Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a $0.0885 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 4.2%. This is an increase from SPDR SSGA My2026 Corporate Bond ETF’s previous monthly dividend of $0.08.

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.