SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) Sees Significant Growth in Short Interest

SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 416,559 shares, a growth of 73.4% from the August 31st total of 240,258 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 1,103,944 shares, the short-interest ratio is currently 0.4 days.

SPDR Portfolio Mortgage Backed Bond ETF Price Performance

Shares of SPDR Portfolio Mortgage Backed Bond ETF stock traded down $0.02 during trading hours on Thursday, reaching $21.12. 3,070,079 shares of the company’s stock were exchanged, compared to its average volume of 1,125,449. SPDR Portfolio Mortgage Backed Bond ETF has a 1 year low of $20.96 and a 1 year high of $22.87. The business has a fifty day moving average of $21.81 and a two-hundred day moving average of $22.11.

Institutional Trading of SPDR Portfolio Mortgage Backed Bond ETF

Several large investors have recently bought and sold shares of the business. Confluence Investment Management LLC acquired a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF during the 3rd quarter worth approximately $69,790,000. QRG Capital Management Inc. purchased a new position in SPDR Portfolio Mortgage Backed Bond ETF during the second quarter worth approximately $188,000. Envestnet Asset Management Inc. lifted its position in SPDR Portfolio Mortgage Backed Bond ETF by 36.7% during the second quarter. Envestnet Asset Management Inc. now owns 417,748 shares of the company’s stock worth $9,870,000 after buying an additional 112,120 shares in the last quarter. Lunt Capital Management Inc. acquired a new position in SPDR Portfolio Mortgage Backed Bond ETF during the second quarter worth $514,000. Finally, Integrated Wealth Concepts LLC boosted its stake in SPDR Portfolio Mortgage Backed Bond ETF by 0.9% during the second quarter. Integrated Wealth Concepts LLC now owns 207,876 shares of the company’s stock worth $4,638,000 after buying an additional 1,760 shares during 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.