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

SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 724,175 shares, a growth of 76.8% from the September 30th total of 409,493 shares. Based on an average trading volume of 2,809,907 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are sold short.

Hedge Funds Weigh In On SPDR Portfolio Mortgage Backed Bond ETF

Hedge funds have recently modified their holdings of the stock. Confluence Investment Management LLC bought a new stake in SPDR Portfolio Mortgage Backed Bond ETF in the third quarter valued at $69,790,000. Bank of America Corp DE lifted its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 6.6% during the 1st quarter. Bank of America Corp DE now owns 2,183,078 shares of the company’s stock worth $48,879,000 after buying an additional 135,391 shares in the last quarter. Assetmark Inc. lifted its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 4.1% during the 1st quarter. Assetmark Inc. now owns 1,813,363 shares of the company’s stock worth $40,601,000 after buying an additional 71,381 shares in the last quarter. Citadel Advisors LLC bought a new position in SPDR Portfolio Mortgage Backed Bond ETF in the 2nd quarter valued at $32,672,000. Finally, Financial Life Advisors increased its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF by 24.9% in the 2nd quarter. Financial Life Advisors now owns 1,300,999 shares of the company’s stock valued at $29,025,000 after buying an additional 259,619 shares during the period.

SPDR Portfolio Mortgage Backed Bond ETF Stock Down 0.1%

SPMB traded down $0.01 during trading on Tuesday, reaching $21.62. 124,957 shares of the company’s stock were exchanged, compared to its average volume of 1,262,551. SPDR Portfolio Mortgage Backed Bond ETF has a fifty-two week low of $20.92 and a fifty-two week high of $22.87. The business has a 50 day moving average price of $21.51 and a 200 day moving average price of $22.11.

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.