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

SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 248,013 shares, a decrease of 50.3% from the June 30th total of 499,297 shares. Based on an average daily trading volume, of 1,120,997 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

SPDR Portfolio Mortgage Backed Bond ETF Price Performance

Shares of SPDR Portfolio Mortgage Backed Bond ETF stock traded up $0.01 during trading on Thursday, hitting $22.02. 638,750 shares of the company were exchanged, compared to its average volume of 1,021,179. The firm’s fifty day moving average price is $22.19 and its 200 day moving average price is $22.36. SPDR Portfolio Mortgage Backed Bond ETF has a 1-year low of $21.91 and a 1-year high of $22.87.

Institutional Investors Weigh In On SPDR Portfolio Mortgage Backed Bond ETF

Several hedge funds have recently bought and sold shares of the company. State Street Corp grew its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 45.9% in the 2nd quarter. State Street Corp now owns 5,858,146 shares of the company’s stock valued at $129,465,000 after buying an additional 1,843,991 shares during the period. NewEdge Advisors LLC grew its stake in SPDR Portfolio Mortgage Backed Bond ETF by 185.1% in the second quarter. NewEdge Advisors LLC now owns 3,093 shares of the company’s stock valued at $68,000 after acquiring an additional 2,008 shares during the period. Diversify Advisory Services LLC increased its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 7.4% in the second quarter. Diversify Advisory Services LLC now owns 81,062 shares of the company’s stock worth $1,787,000 after acquiring an additional 5,606 shares in the last quarter. Quantinno Capital Management LP acquired a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF during the second quarter worth about $455,000. Finally, Raymond James Financial Inc. raised its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 9.2% during the second quarter. Raymond James Financial Inc. now owns 150,826 shares of the company’s stock worth $3,333,000 after purchasing an additional 12,716 shares during the period.

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.