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

SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 240,258 shares, a drop of 37.4% from the August 15th total of 384,061 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 1,121,072 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On SPDR Portfolio Mortgage Backed Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Kingdom Financial Group LLC. acquired a new position in SPDR Portfolio Mortgage Backed Bond ETF in the fourth quarter valued at about $28,000. Measured Wealth Private Client Group LLC raised its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 34.2% during the 4th quarter. Measured Wealth Private Client Group LLC now owns 6,044 shares of the company’s stock worth $135,000 after buying an additional 1,540 shares during the period. Chesapeake Wealth Management lifted its position in SPDR Portfolio Mortgage Backed Bond ETF by 0.5% in the 2nd quarter. Chesapeake Wealth Management now owns 318,400 shares of the company’s stock valued at $7,104,000 after acquiring an additional 1,611 shares in the last quarter. Modera Wealth Management LLC boosted its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 11.2% during the first quarter. Modera Wealth Management LLC now owns 15,994 shares of the company’s stock worth $358,000 after buying an additional 1,616 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its position in SPDR Portfolio Mortgage Backed Bond ETF by 0.9% during the 2nd 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 last quarter.

SPDR Portfolio Mortgage Backed Bond ETF Price Performance

NYSEARCA:SPMB traded up $0.06 during trading hours on Wednesday, hitting $21.61. 94,183 shares of the company traded hands, compared to its average volume of 1,035,871. The firm has a 50-day moving average of $21.96 and a 200 day moving average of $22.20. SPDR Portfolio Mortgage Backed Bond ETF has a twelve month low of $21.48 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.