SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB – Get Free Report) was the target 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. Based on an average daily trading volume, of 2,809,907 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are sold short.
SPDR Portfolio Mortgage Backed Bond ETF Stock Performance
Shares of NYSEARCA:SPMB traded down $0.07 during mid-day trading on Monday, hitting $21.62. 869,077 shares of the company traded hands, compared to its average volume of 1,265,633. The firm’s 50 day simple moving average is $21.52 and its 200 day simple moving average is $22.12. SPDR Portfolio Mortgage Backed Bond ETF has a 52-week low of $20.92 and a 52-week high of $22.87.
Institutional Trading of SPDR Portfolio Mortgage Backed Bond ETF
A number of hedge funds have recently made changes to their positions in SPMB. Mather Group LLC. purchased a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF in the third quarter valued at $26,000. Emergent Wealth Advisors LLC purchased a new stake in SPDR Portfolio Mortgage Backed Bond ETF during the 2nd quarter worth $43,000. Compass Financial Management LLC purchased a new stake in SPDR Portfolio Mortgage Backed Bond ETF during the 2nd quarter worth $43,000. Jim Saulnier & Associates LLC acquired a new position in SPDR Portfolio Mortgage Backed Bond ETF in the 2nd quarter worth $57,000. Finally, Avant Capital LLC acquired a new position in SPDR Portfolio Mortgage Backed Bond ETF in the 2nd quarter worth $62,000.
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.
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