SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) Sees Significant Growth in Short Interest

SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) saw a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 568,323 shares, a growth of 137.5% from the February 12th total of 239,312 shares. Based on an average trading volume of 632,313 shares, the short-interest ratio is presently 0.9 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 632,313 shares, the short-interest ratio is presently 0.9 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Financial Engines Advisors L.L.C. raised its stake in SPDR Portfolio Mortgage Backed Bond ETF by 1.5% in the fourth quarter. Financial Engines Advisors L.L.C. now owns 188,762,736 shares of the company’s stock valued at $4,231,117,000 after buying an additional 2,759,654 shares during the last quarter. LPL Financial LLC grew its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF by 10.8% during the fourth quarter. LPL Financial LLC now owns 20,238,970 shares of the company’s stock worth $453,656,000 after acquiring an additional 1,974,582 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 7.4% during the fourth quarter. Stifel Financial Corp now owns 7,602,932 shares of the company’s stock valued at $170,420,000 after acquiring an additional 523,944 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 5.9% during the fourth quarter. Benjamin Edwards Inc. now owns 6,119,180 shares of the company’s stock valued at $137,160,000 after acquiring an additional 340,043 shares in the last quarter. Finally, State Street Corp raised its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 45.9% in the 2nd quarter. State Street Corp now owns 5,858,146 shares of the company’s stock valued at $129,465,000 after purchasing an additional 1,843,991 shares during the last quarter.

SPDR Portfolio Mortgage Backed Bond ETF Stock Down 0.6%

NYSEARCA SPMB opened at $22.44 on Thursday. The firm’s fifty day simple moving average is $22.57 and its two-hundred day simple moving average is $22.50. SPDR Portfolio Mortgage Backed Bond ETF has a 12-month low of $21.36 and a 12-month high of $22.87.

SPDR Portfolio Mortgage Backed Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a $0.0695 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%.

About SPDR Portfolio Mortgage Backed Bond ETF

The SPDR Portfolio Mortgage Backed Bond ETF (SPMB) is an exchange-traded fund that is based on the Bloomberg U.S. MBS index. The fund tracks an index of US agency mortgage pass-through debt. SPMB was launched on Jan 15, 2009 and is managed by State Street.