SPDR SSGA My2026 Municipal Bond ETF (NASDAQ:MYMF) Sees Significant Increase in Short Interest

SPDR SSGA My2026 Municipal Bond ETF (NASDAQ:MYMF) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 7,071 shares, a growth of 2,786.1% from the December 15th total of 245 shares. Based on an average daily volume of 1,948 shares, the days-to-cover ratio is presently 3.6 days. Approximately 1.4% of the shares of the company are short sold. Approximately 1.4% of the shares of the company are short sold. Based on an average daily volume of 1,948 shares, the days-to-cover ratio is presently 3.6 days.

SPDR SSGA My2026 Municipal Bond ETF Trading Down 0.0%

Shares of NASDAQ MYMF opened at $24.93 on Wednesday. SPDR SSGA My2026 Municipal Bond ETF has a 52 week low of $24.44 and a 52 week high of $25.06. The business’s 50 day moving average price is $24.94 and its 200 day moving average price is $24.92.

SPDR SSGA My2026 Municipal Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, December 23rd. Investors of record on Thursday, December 18th were given a dividend of $0.0513 per share. The ex-dividend date was Thursday, December 18th. This represents a c) dividend on an annualized basis and a yield of 2.5%.

Hedge Funds Weigh In On SPDR SSGA My2026 Municipal Bond ETF

An institutional investor recently raised its position in SPDR SSGA My2026 Municipal Bond ETF stock. Exchange Capital Management Inc. lifted its stake in SPDR SSGA My2026 Municipal Bond ETF (NASDAQ:MYMF) by 18.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,678 shares of the company’s stock after buying an additional 5,928 shares during the quarter. Exchange Capital Management Inc. owned approximately 18.84% of SPDR SSGA My2026 Municipal Bond ETF worth $937,000 as of its most recent SEC filing.

SPDR SSGA My2026 Municipal Bond ETF Company Profile

The SPDR SSgA My2026 Municipal Bond ETF (MYMF) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of investment grade municipal bonds with effective maturities in 2026. Bonds are USD-denominated. MYMF was launched on Sep 23, 2024 and is issued by State Street.