SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) Shares Shorted: Short Interest Up 73.4% in September

SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 416,559 shares, an increase of 73.4% from the August 31st total of 240,258 shares. Based on an average trading volume of 1,103,944 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On SPDR Portfolio Mortgage Backed Bond ETF

Several hedge funds have recently added to or reduced their stakes in the business. Confluence Investment Management LLC acquired a new stake in SPDR Portfolio Mortgage Backed Bond ETF during the 3rd quarter worth about $69,790,000. QRG Capital Management Inc. acquired a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF in the 2nd quarter valued at about $188,000. Envestnet Asset Management Inc. boosted its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF by 36.7% in the second quarter. Envestnet Asset Management Inc. now owns 417,748 shares of the company’s stock worth $9,870,000 after buying an additional 112,120 shares during the last quarter. Lunt Capital Management Inc. purchased a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF in the second quarter worth about $514,000. Finally, Integrated Wealth Concepts LLC grew its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 0.9% during the second quarter. Integrated Wealth Concepts LLC now owns 207,876 shares of the company’s stock worth $4,638,000 after acquiring an additional 1,760 shares during the period.

SPDR Portfolio Mortgage Backed Bond ETF Stock Down 0.1%

SPMB stock opened at $21.12 on Friday. SPDR Portfolio Mortgage Backed Bond ETF has a 12 month low of $20.96 and a 12 month high of $22.87. The firm’s fifty day simple moving average is $21.79 and its 200-day simple moving average is $22.10.

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.