Short Interest in SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) Expands By 18.9%

SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) was the recipient of a significant growth in short interest in 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. Based on an average daily trading volume, of 776,604 shares, the short-interest ratio is presently 0.9 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Trading of SPDR Portfolio Mortgage Backed Bond ETF

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

SPDR Portfolio Mortgage Backed Bond ETF Trading Up 0.3%

Shares of NYSEARCA:SPMB traded up $0.07 during midday trading on Tuesday, hitting $22.39. 768,719 shares of the company’s stock were exchanged, compared to its average volume of 777,359. The stock has a 50 day moving average price of $22.53 and a 200-day moving average price of $22.51. SPDR Portfolio Mortgage Backed Bond ETF has a 12 month low of $21.36 and a 12 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.