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

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

SPDR Portfolio Mortgage Backed Bond ETF Stock Performance

SPDR Portfolio Mortgage Backed Bond ETF stock traded up $0.09 during trading on Friday, reaching $21.70. 1,911,309 shares of the company were exchanged, compared to its average volume of 1,267,956. SPDR Portfolio Mortgage Backed Bond ETF has a 52-week low of $20.92 and a 52-week high of $22.87. The stock’s 50 day simple moving average is $21.52 and its two-hundred day simple moving average is $22.12.

Institutional Trading of SPDR Portfolio Mortgage Backed Bond ETF

Institutional investors have recently made changes to their positions in the company. Confluence Investment Management LLC purchased a new position in SPDR Portfolio Mortgage Backed Bond ETF in the 3rd quarter valued at approximately $69,790,000. Citadel Advisors LLC purchased a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF during the second quarter worth $32,672,000. Symphony Financial Ltd. Co. purchased a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF during the second quarter worth $13,199,000. Fortune 45 LLC acquired a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF in the second quarter valued at $11,052,000. Finally, Gibbs Wealth Management raised its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF by 84.8% in the first quarter. Gibbs Wealth Management now owns 843,445 shares of the company’s stock valued at $18,885,000 after acquiring an additional 386,993 shares in the last quarter.

About SPDR Portfolio Mortgage Backed Bond ETF

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.