SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) Sees Large Decline in Short Interest

SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 491,759 shares, a drop of 39.2% from the December 15th total of 808,661 shares. Based on an average daily volume of 914,084 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the shares of the stock are sold short. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 914,084 shares, the days-to-cover ratio is currently 0.5 days.

SPDR Portfolio Mortgage Backed Bond ETF Trading Down 0.1%

Shares of SPMB traded down $0.02 during mid-day trading on Friday, reaching $22.52. The stock had a trading volume of 623,153 shares, compared to its average volume of 654,141. SPDR Portfolio Mortgage Backed Bond ETF has a 52-week low of $21.36 and a 52-week high of $22.72. The business’s fifty day moving average is $22.49 and its 200 day moving average is $22.33.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. REAP Financial Group LLC acquired a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF in the 3rd quarter valued at $25,000. AlphaCore Capital LLC raised its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 666.7% in the 2nd quarter. AlphaCore Capital LLC now owns 1,150 shares of the company’s stock valued at $25,000 after buying an additional 1,000 shares during the period. Crewe Advisors LLC raised its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 95.7% in the 4th quarter. Crewe Advisors LLC now owns 1,564 shares of the company’s stock valued at $35,000 after buying an additional 765 shares during the period. Atlantic Union Bankshares Corp acquired a new position in SPDR Portfolio Mortgage Backed Bond ETF in the second quarter valued at about $39,000. Finally, Root Financial Partners LLC purchased a new position in SPDR Portfolio Mortgage Backed Bond ETF during the third quarter worth about $65,000.

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.