SPDR SSGA My2026 Municipal Bond ETF (NASDAQ:MYMF) Sees Large Decrease in Short Interest

SPDR SSGA My2026 Municipal Bond ETF (NASDAQ:MYMF) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 6 shares, a decrease of 99.9% from the December 31st total of 7,071 shares. Based on an average trading volume of 8,491 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 8,491 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of SPDR SSGA My2026 Municipal Bond ETF

A hedge fund recently raised its stake in SPDR SSGA My2026 Municipal Bond ETF stock. Exchange Capital Management Inc. lifted its position in shares of SPDR SSGA My2026 Municipal Bond ETF (NASDAQ:MYMF) by 18.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,678 shares of the company’s stock after purchasing an additional 5,928 shares during the period. Exchange Capital Management Inc. owned about 18.84% of SPDR SSGA My2026 Municipal Bond ETF worth $937,000 at the end of the most recent reporting period.

SPDR SSGA My2026 Municipal Bond ETF Stock Performance

Shares of NASDAQ:MYMF remained flat at $25.00 during midday trading on Tuesday. The company had a trading volume of 900 shares, compared to its average volume of 5,347. The firm’s fifty day moving average is $24.95 and its 200-day moving average is $24.93. SPDR SSGA My2026 Municipal Bond ETF has a 12-month low of $24.44 and a 12-month high of $25.06.

SPDR SSGA My2026 Municipal Bond ETF Cuts Dividend

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

About SPDR SSGA My2026 Municipal Bond ETF

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.