SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) Short Interest Update

SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) was the target of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 675,935 shares, a growth of 18.9% from the February 26th total of 568,323 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 776,604 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Investors Weigh In On SPDR Portfolio Mortgage Backed Bond ETF

Large investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its stake in SPDR Portfolio Mortgage Backed Bond ETF by 622.5% in the second quarter. PNC Financial Services Group Inc. now owns 3,757 shares of the company’s stock valued at $83,000 after buying an additional 3,237 shares during the period. JPMorgan Chase & Co. increased its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF by 1.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,259,729 shares of the company’s stock valued at $27,840,000 after acquiring an additional 11,873 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF by 9.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 144,422 shares of the company’s stock valued at $3,192,000 after acquiring an additional 12,247 shares in the last quarter. Baird Financial Group Inc. lifted its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 12.8% during the 2nd quarter. Baird Financial Group Inc. now owns 310,301 shares of the company’s stock valued at $6,858,000 after acquiring an additional 35,330 shares during the period. Finally, Vance Wealth LLC acquired a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF during the 2nd quarter valued at $224,000.

SPDR Portfolio Mortgage Backed Bond ETF Stock Performance

SPDR Portfolio Mortgage Backed Bond ETF stock traded up $0.07 during trading hours on Tuesday, reaching $22.39. 768,719 shares of the company’s stock were exchanged, compared to its average volume of 777,359. The firm’s 50 day simple moving average is $22.53 and its 200 day simple moving average is $22.51. SPDR Portfolio Mortgage Backed Bond ETF has a twelve month low of $21.36 and a twelve month high of $22.87.

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.