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

SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) saw a significant drop in short interest in June. As of June 15th, there was short interest totaling 219,590 shares, a drop of 64.7% from the May 31st total of 622,852 shares. Based on an average daily trading volume, of 1,224,147 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

SPDR Portfolio Mortgage Backed Bond ETF Trading Up 0.1%

SPMB stock opened at $22.41 on Friday. The firm has a 50 day moving average of $22.27 and a 200-day moving average of $22.41. SPDR Portfolio Mortgage Backed Bond ETF has a 12-month low of $21.76 and a 12-month high of $22.87.

Institutional Trading of SPDR Portfolio Mortgage Backed Bond ETF

A number of institutional investors have recently bought and sold shares of SPMB. Financial Engines Advisors L.L.C. increased its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 1.5% in the fourth quarter. Financial Engines Advisors L.L.C. now owns 188,762,736 shares of the company’s stock valued at $4,231,117,000 after buying an additional 2,759,654 shares in the last quarter. State Street Corp grew its stake in SPDR Portfolio Mortgage Backed Bond ETF by 69.8% in the 4th quarter. State Street Corp now owns 5,020,182 shares of the company’s stock valued at $112,527,000 after acquiring an additional 2,064,451 shares during the last quarter. LPL Financial LLC increased its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 10.8% during the 4th quarter. LPL Financial LLC now owns 20,238,970 shares of the company’s stock valued at $453,656,000 after acquiring an additional 1,974,582 shares in the last quarter. Financial Plan Inc. purchased a new position in SPDR Portfolio Mortgage Backed Bond ETF during the 4th quarter valued at about $23,264,000. Finally, 93 Financial Group LLC acquired a new position in SPDR Portfolio Mortgage Backed Bond ETF during the fourth quarter worth about $16,956,000.

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.