SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) Stock Short Interest Jumps 76.8%

SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 724,175 shares, a growth of 76.8% from the September 30th total of 409,493 shares. Based on an average trading volume of 2,809,907 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SPMB. Bell Investment Advisors Inc raised its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 6.6% during the 3rd quarter. Bell Investment Advisors Inc now owns 42,668 shares of the company’s stock worth $902,000 after acquiring an additional 2,633 shares in the last quarter. Modera Wealth Management LLC acquired a new position in SPDR Portfolio Mortgage Backed Bond ETF in the third quarter valued at approximately $3,272,000. Willow Creek Wealth Management Inc. boosted its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 1.2% in the third quarter. Willow Creek Wealth Management Inc. now owns 76,535 shares of the company’s stock valued at $1,618,000 after purchasing an additional 885 shares in the last quarter. Gibbs Wealth Management boosted its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 16.5% in the third quarter. Gibbs Wealth Management now owns 1,031,583 shares of the company’s stock valued at $21,808,000 after purchasing an additional 145,839 shares in the last quarter. Finally, 93 Financial Group LLC increased its stake in SPDR Portfolio Mortgage Backed Bond ETF by 1.3% in the third quarter. 93 Financial Group LLC now owns 812,070 shares of the company’s stock valued at $17,167,000 after purchasing an additional 10,696 shares during the last quarter.

SPDR Portfolio Mortgage Backed Bond ETF Trading Up 0.4%

Shares of NYSEARCA:SPMB traded up $0.09 during trading hours on Friday, reaching $21.70. The stock had a trading volume of 1,911,309 shares, compared to its average volume of 1,267,956. SPDR Portfolio Mortgage Backed Bond ETF has a 1 year low of $20.92 and a 1 year high of $22.87. The firm’s 50 day moving average is $21.52 and its 200-day moving average is $22.12.

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.