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

SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 219,590 shares, a decrease of 64.7% from the May 31st total of 622,852 shares. Based on an average trading volume of 1,224,147 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

SPDR Portfolio Mortgage Backed Bond ETF Stock Performance

Shares of NYSEARCA:SPMB traded down $0.10 during trading on Tuesday, reaching $22.31. The stock had a trading volume of 1,728,508 shares, compared to its average volume of 1,029,609. The business has a fifty day moving average price of $22.27 and a 200-day moving average price of $22.41. SPDR Portfolio Mortgage Backed Bond ETF has a 1-year low of $21.76 and a 1-year high of $22.87.

Institutional Investors Weigh In On SPDR Portfolio Mortgage Backed Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sound Income Strategies LLC lifted its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF by 76.8% in the fourth quarter. Sound Income Strategies LLC now owns 1,197 shares of the company’s stock worth $27,000 after buying an additional 520 shares in the last quarter. Kingdom Financial Group LLC. purchased a new stake in SPDR Portfolio Mortgage Backed Bond ETF during the 4th quarter valued at about $28,000. Financial Consulate Inc. purchased a new stake in SPDR Portfolio Mortgage Backed Bond ETF during the 4th quarter valued at about $32,000. Crewe Advisors LLC raised its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 95.7% in the 4th quarter. Crewe Advisors LLC now owns 1,564 shares of the company’s stock valued at $35,000 after acquiring an additional 765 shares during the last quarter. Finally, Optima Capital LLC purchased a new position in SPDR Portfolio Mortgage Backed Bond ETF in the 4th quarter worth approximately $36,000.

SPDR Portfolio Mortgage Backed Bond ETF Company Profile

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.