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

SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 219,590 shares, a decline of 64.7% from the May 31st total of 622,852 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 1,224,147 shares, the short-interest ratio is currently 0.2 days.

SPDR Portfolio Mortgage Backed Bond ETF Price Performance

Shares of NYSEARCA:SPMB traded up $0.01 during trading hours on Monday, hitting $22.42. The stock had a trading volume of 3,288,562 shares, compared to its average volume of 1,022,983. The stock’s fifty day simple moving average is $22.27 and its 200 day simple moving average is $22.41. SPDR Portfolio Mortgage Backed Bond ETF has a 1-year low of $21.76 and a 1-year high of $22.87.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Bank of America Corp DE lifted its position in SPDR Portfolio Mortgage Backed Bond ETF by 6.6% in the first quarter. Bank of America Corp DE now owns 2,183,078 shares of the company’s stock worth $48,879,000 after purchasing an additional 135,391 shares during the period. Chesapeake Wealth Management increased its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 3.4% during the 1st quarter. Chesapeake Wealth Management now owns 316,789 shares of the company’s stock valued at $7,093,000 after purchasing an additional 10,544 shares during the period. Strategic Investment Advisors MI raised its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF by 6.7% in the 1st quarter. Strategic Investment Advisors MI now owns 39,476 shares of the company’s stock worth $883,000 after buying an additional 2,478 shares in the last quarter. Amundi bought a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF in the 1st quarter worth $1,658,000. Finally, Royal Bank of Canada raised its stake in shares of SPDR Portfolio Mortgage Backed Bond ETF by 7.9% in the 1st quarter. Royal Bank of Canada now owns 59,736 shares of the company’s stock worth $1,338,000 after buying an additional 4,387 shares in the last quarter.

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.