SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) Short Interest Down 50.3% in July

SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 248,013 shares, a decline of 50.3% from the June 30th total of 499,297 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 1,120,997 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On SPDR Portfolio Mortgage Backed Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp increased its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 45.9% in the 2nd quarter. State Street Corp now owns 5,858,146 shares of the company’s stock worth $129,465,000 after buying an additional 1,843,991 shares during the period. NewEdge Advisors LLC lifted its stake in SPDR Portfolio Mortgage Backed Bond ETF by 185.1% during the 2nd quarter. NewEdge Advisors LLC now owns 3,093 shares of the company’s stock valued at $68,000 after acquiring an additional 2,008 shares during the period. Diversify Advisory Services LLC boosted its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 7.4% in the 2nd quarter. Diversify Advisory Services LLC now owns 81,062 shares of the company’s stock valued at $1,787,000 after acquiring an additional 5,606 shares during the last quarter. Quantinno Capital Management LP purchased a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF in the 2nd quarter valued at $455,000. Finally, Raymond James Financial Inc. increased its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF by 9.2% in the second quarter. Raymond James Financial Inc. now owns 150,826 shares of the company’s stock worth $3,333,000 after acquiring an additional 12,716 shares during the period.

SPDR Portfolio Mortgage Backed Bond ETF Price Performance

Shares of NYSEARCA SPMB traded down $0.09 during mid-day trading on Wednesday, hitting $22.01. The stock had a trading volume of 624,723 shares, compared to its average volume of 1,023,940. The company has a 50 day moving average of $22.19 and a two-hundred day moving average of $22.36. SPDR Portfolio Mortgage Backed Bond ETF has a twelve month low of $21.91 and a twelve month high of $22.87.

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.