SPDR SSGA My2026 Corporate Bond ETF (NASDAQ:MYCF) Short Interest Up 36,821.4% in August

SPDR SSGA My2026 Corporate Bond ETF (NASDAQ:MYCF) saw a large growth in short interest in 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. Based on an average daily trading volume, of 20,594 shares, the days-to-cover ratio is currently 1.0 days. Approximately 1.1% of the company’s shares are sold short.

SPDR SSGA My2026 Corporate Bond ETF Stock Up 0.0%

Shares of NASDAQ:MYCF traded up $0.01 during trading on Thursday, reaching $25.01. The stock had a trading volume of 5,456 shares, compared to its average volume of 11,022. SPDR SSGA My2026 Corporate Bond ETF has a one year low of $24.53 and a one year high of $26.22. The firm’s 50-day simple moving average is $25.03 and its 200 day simple moving average is $25.03.

SPDR SSGA My2026 Corporate Bond ETF Cuts Dividend

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

Institutional Investors Weigh In On SPDR SSGA My2026 Corporate Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MYCF. Jane Street Group LLC acquired a new stake in SPDR SSGA My2026 Corporate Bond ETF in the first quarter valued at $390,000. Susquehanna International Group LLP lifted its holdings in shares of SPDR SSGA My2026 Corporate Bond ETF by 10.6% during the 3rd 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 period. Opulen Financial Group LLC raised its position in shares of SPDR SSGA My2026 Corporate Bond ETF by 58.0% in the 4th 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. Lido Advisors LLC purchased a new position in SPDR SSGA My2026 Corporate Bond ETF in the fourth quarter valued at approximately $2,466,000. Finally, LPL Financial LLC raised its position in SPDR SSGA My2026 Corporate Bond ETF by 22.8% in the fourth quarter. LPL Financial LLC now owns 200,115 shares of the company’s stock valued at $5,011,000 after purchasing an additional 37,149 shares during the period.

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.