SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) Sees Large Growth in Short Interest

SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) was the recipient of a large 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 stock are short sold. Based on an average daily volume of 776,604 shares, the days-to-cover ratio is currently 0.9 days.

SPDR Portfolio Mortgage Backed Bond ETF Trading Up 0.3%

SPMB opened at $22.39 on Wednesday. The business’s 50-day moving average is $22.52 and its two-hundred day moving average is $22.51. SPDR Portfolio Mortgage Backed Bond ETF has a 1 year low of $21.36 and a 1 year high of $22.87.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Astoria Portfolio Advisors LLC. purchased a new stake in SPDR Portfolio Mortgage Backed Bond ETF during the fourth quarter valued at approximately $220,000. 93 Financial Group LLC purchased a new position in SPDR Portfolio Mortgage Backed Bond ETF in the fourth quarter worth $16,956,000. TMB Capital Partners LLC purchased a new position in SPDR Portfolio Mortgage Backed Bond ETF in the fourth quarter worth $964,000. Axxcess Wealth Management LLC purchased a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF during the 4th quarter valued at $241,000. Finally, Stokes Family Office LLC lifted its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 12.1% during the 4th quarter. Stokes Family Office LLC now owns 626,988 shares of the company’s stock valued at $14,054,000 after purchasing an additional 67,691 shares during the last quarter.

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.