SPDR SSGA My2026 Corporate Bond ETF (NASDAQ:MYCF) Stock Short Interest Declines 93.9%

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

SPDR SSGA My2026 Corporate Bond ETF Price Performance

MYCF stock traded up $0.02 during trading on Friday, reaching $25.02. 3,280 shares of the company were exchanged, compared to its average volume of 11,491. The company has a 50-day moving average of $25.02 and a two-hundred day moving average of $25.03. SPDR SSGA My2026 Corporate Bond ETF has a twelve month low of $24.53 and a twelve month 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 issued a dividend of $0.0874 per share. This represents a $1.05 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Thursday, October 1st. This is a boost from SPDR SSGA My2026 Corporate Bond ETF’s previous monthly dividend of $0.0874.

Institutional Trading of SPDR SSGA My2026 Corporate Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MYCF. Gradient Investments LLC acquired a new stake in shares of SPDR SSGA My2026 Corporate Bond ETF during the third quarter worth $4,466,000. Citadel Advisors LLC lifted its holdings in SPDR SSGA My2026 Corporate Bond ETF by 208.9% in the second quarter. Citadel Advisors LLC now owns 49,984 shares of the company’s stock valued at $1,253,000 after buying an additional 33,803 shares during the period. Hobbs Group Advisors LLC boosted its position in 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 valued at $1,902,000 after acquiring an additional 52,952 shares during the last quarter. Finally, Lido Advisors LLC boosted its position in SPDR SSGA My2026 Corporate Bond ETF by 15.7% during the first quarter. Lido Advisors LLC now owns 113,967 shares of the company’s stock valued at $2,855,000 after acquiring an additional 15,474 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.