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 December. As of December 31st, there was short interest totaling 491,759 shares, a drop of 39.2% from the December 15th total of 808,661 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 914,084 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 914,084 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the shares of the company are short sold.

SPDR Portfolio Mortgage Backed Bond ETF Stock Down 0.1%

SPMB traded down $0.02 during trading hours on Friday, hitting $22.52. The company’s stock had a trading volume of 623,153 shares, compared to its average volume of 654,141. The company has a 50-day simple moving average of $22.49 and a 200 day simple moving average of $22.33. SPDR Portfolio Mortgage Backed Bond ETF has a fifty-two week low of $21.36 and a fifty-two week high of $22.72.

Hedge Funds Weigh In On SPDR Portfolio Mortgage Backed Bond ETF

Several large investors have recently made changes to their positions in SPMB. AlphaCore Capital LLC lifted its stake in SPDR Portfolio Mortgage Backed Bond ETF by 666.7% in the 2nd quarter. AlphaCore Capital LLC now owns 1,150 shares of the company’s stock worth $25,000 after acquiring an additional 1,000 shares in the last quarter. REAP Financial Group LLC acquired a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF during the third quarter worth approximately $25,000. Crewe Advisors LLC grew its position in SPDR Portfolio Mortgage Backed Bond ETF by 95.7% during the fourth quarter. Crewe Advisors LLC now owns 1,564 shares of the company’s stock valued at $35,000 after purchasing an additional 765 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF in the second quarter worth $39,000. Finally, Root Financial Partners LLC acquired a new position in SPDR Portfolio Mortgage Backed Bond ETF in the 3rd quarter worth about $65,000.

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.