Short Interest in SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) Decreases By 22.9%

SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) was the recipient of a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 464,560 shares, a decline of 22.9% from the January 15th total of 602,464 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 853,044 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 853,044 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the shares of the stock are short sold.

SPDR Portfolio Mortgage Backed Bond ETF Price Performance

Shares of NYSEARCA:SPMB traded up $0.08 on Monday, reaching $22.75. 658,354 shares of the company traded hands, compared to its average volume of 810,392. SPDR Portfolio Mortgage Backed Bond ETF has a fifty-two week low of $21.36 and a fifty-two week high of $22.77. The company’s 50 day moving average is $22.50 and its 200-day moving average is $22.43.

SPDR Portfolio Mortgage Backed Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a dividend of $0.0715 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. This is a boost from SPDR Portfolio Mortgage Backed Bond ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Monday, February 2nd.

Hedge Funds Weigh In On SPDR Portfolio Mortgage Backed Bond ETF

Institutional investors have recently bought and sold shares of the stock. REAP Financial Group LLC purchased a new stake in SPDR Portfolio Mortgage Backed Bond ETF during the third quarter valued at about $25,000. AlphaCore Capital LLC increased its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 666.7% in the second 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. Sound Income Strategies LLC raised its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 76.8% during the fourth quarter. Sound Income Strategies LLC now owns 1,197 shares of the company’s stock valued at $27,000 after acquiring an additional 520 shares during the period. Kingdom Financial Group LLC. purchased a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF in the 4th quarter valued at approximately $28,000. Finally, Financial Consulate Inc. purchased a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF in the 4th quarter valued at approximately $32,000.

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.