SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) Short Interest Down 37.4% in August

SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB – Get Free Report) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 240,258 shares, a decline of 37.4% from the August 15th total of 384,061 shares. Based on an average daily trading volume, of 1,121,072 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

SPDR Portfolio Mortgage Backed Bond ETF Price Performance

Shares of NYSEARCA:SPMB traded down $0.10 during trading on Friday, reaching $21.57. 536,948 shares of the company’s stock traded hands, compared to its average volume of 1,043,693. SPDR Portfolio Mortgage Backed Bond ETF has a 12 month low of $21.48 and a 12 month high of $22.87. The company has a 50 day moving average of $21.94 and a 200-day moving average of $22.19.

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Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lunt Capital Management Inc. bought a new position in SPDR Portfolio Mortgage Backed Bond ETF during the 2nd quarter worth $514,000. Integrated Wealth Concepts LLC boosted its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 0.9% during the second quarter. Integrated Wealth Concepts LLC now owns 207,876 shares of the company’s stock valued at $4,638,000 after acquiring an additional 1,760 shares during the period. RFG Advisory LLC grew its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 7.8% during the second quarter. RFG Advisory LLC now owns 56,623 shares of the company’s stock worth $1,263,000 after acquiring an additional 4,111 shares during the last quarter. Baird Financial Group Inc. grew its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 0.3% during the second quarter. Baird Financial Group Inc. now owns 1,078,449 shares of the company’s stock worth $24,060,000 after acquiring an additional 3,273 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 5.7% in the 2nd quarter. Allworth Financial LP now owns 37,679 shares of the company’s stock worth $853,000 after acquiring an additional 2,033 shares during the period.

About SPDR Portfolio Mortgage Backed Bond ETF

(Get Free Report)

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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