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 drop in short interest during the month of June. As of June 15th, there was short interest totaling 219,590 shares, a drop of 64.7% from the May 31st total of 622,852 shares. Based on an average daily volume of 1,224,147 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Trading of SPDR Portfolio Mortgage Backed Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Confluence Investment Management LLC raised its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 0.9% in the 4th quarter. Confluence Investment Management LLC now owns 4,260,018 shares of the company’s stock worth $95,488,000 after buying an additional 37,799 shares during the period. Assetmark Inc. increased its stake in SPDR Portfolio Mortgage Backed Bond ETF by 5.0% during the fourth quarter. Assetmark Inc. now owns 1,741,982 shares of the company’s stock worth $39,047,000 after acquiring an additional 83,017 shares during the last quarter. True North Advisors LLC purchased a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF in the 4th quarter worth about $553,000. Q3 Asset Management purchased a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF in the 4th quarter worth about $2,882,000. Finally, Boltwood Capital Management lifted its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF by 17.6% in the 4th quarter. Boltwood Capital Management now owns 184,236 shares of the company’s stock valued at $4,130,000 after purchasing an additional 27,557 shares in the last quarter.

SPDR Portfolio Mortgage Backed Bond ETF Stock Up 0.1%

Shares of NYSEARCA:SPMB opened at $22.41 on Friday. The business has a fifty day simple moving average of $22.27 and a 200-day simple moving average of $22.41. SPDR Portfolio Mortgage Backed Bond ETF has a 52 week low of $21.76 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.