SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) Short Interest Up 153.4% in April

SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 1,144,020 shares, a growth of 153.4% from the March 31st total of 451,507 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 780,599 shares, the short-interest ratio is currently 1.5 days.

Institutional Trading of SPDR Portfolio Mortgage Backed Bond ETF

Hedge funds have recently bought and sold shares of the stock. Bristlecone Advisors LLC bought a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF in the 3rd quarter worth $1,009,000. Altfest L J & Co. Inc. boosted its position in SPDR Portfolio Mortgage Backed Bond ETF by 2.8% during the third quarter. Altfest L J & Co. Inc. now owns 831,705 shares of the company’s stock valued at $18,663,000 after purchasing an additional 22,568 shares in the last quarter. Confluence Investment Management LLC grew its stake in SPDR Portfolio Mortgage Backed Bond ETF by 0.9% in the fourth quarter. Confluence Investment Management LLC now owns 4,260,018 shares of the company’s stock valued at $95,488,000 after purchasing an additional 37,799 shares during the last quarter. Forefront Wealth Partners LLC bought a new position in SPDR Portfolio Mortgage Backed Bond ETF in the third quarter worth about $1,323,000. Finally, Boltwood Capital Management raised its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 17.6% in the fourth quarter. Boltwood Capital Management now owns 184,236 shares of the company’s stock worth $4,130,000 after purchasing an additional 27,557 shares in the last quarter.

SPDR Portfolio Mortgage Backed Bond ETF Price Performance

Shares of SPMB traded down $0.03 during mid-day trading on Monday, hitting $22.41. The company’s stock had a trading volume of 714,158 shares, compared to its average volume of 800,236. The company’s 50-day moving average is $22.49 and its 200-day moving average is $22.51. SPDR Portfolio Mortgage Backed Bond ETF has a 52-week low of $21.45 and a 52-week high of $22.87.

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.