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

SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 499,297 shares, an increase of 127.4% from the June 15th total of 219,590 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 1,459,744 shares, the days-to-cover ratio is currently 0.3 days.

SPDR Portfolio Mortgage Backed Bond ETF Trading Down 0.0%

NYSEARCA:SPMB traded down $0.01 during trading hours on Thursday, reaching $22.13. The company had a trading volume of 853,345 shares, compared to its average volume of 1,035,109. SPDR Portfolio Mortgage Backed Bond ETF has a 1-year low of $21.78 and a 1-year high of $22.87. The business’s 50 day moving average price is $22.21 and its 200-day moving average price is $22.39.

Hedge Funds Weigh In On SPDR Portfolio Mortgage Backed Bond ETF

Institutional investors have recently made changes to their positions in the company. Centurion Wealth Management LLC purchased a new stake in SPDR Portfolio Mortgage Backed Bond ETF during the second quarter worth $209,000. Ehrlich Financial Group increased its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 5.9% in the second quarter. Ehrlich Financial Group now owns 139,202 shares of the company’s stock valued at $3,106,000 after buying an additional 7,712 shares in the last quarter. Archer Investment Management LLC increased its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 83.3% in the second quarter. Archer Investment Management LLC now owns 159,834 shares of the company’s stock valued at $3,566,000 after buying an additional 72,641 shares in the last quarter. GK Wealth Management LLC acquired a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF in the second quarter worth about $316,000. Finally, Pacific Excel Wealth Advisors Inc. acquired a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF in the second quarter worth about $209,000.

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.