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

SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 602,464 shares, a growth of 22.5% from the December 31st total of 491,759 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 657,293 shares, the short-interest ratio is currently 0.9 days. Based on an average trading volume of 657,293 shares, the short-interest ratio is currently 0.9 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On SPDR Portfolio Mortgage Backed Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of SPMB. AlphaCore Capital LLC boosted its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 666.7% during the 2nd quarter. AlphaCore Capital LLC now owns 1,150 shares of the company’s stock valued at $25,000 after purchasing an additional 1,000 shares in the last quarter. REAP Financial Group LLC bought a new stake in SPDR Portfolio Mortgage Backed Bond ETF during the third quarter worth approximately $25,000. Sound Income Strategies LLC boosted its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 76.8% during the fourth quarter. Sound Income Strategies LLC now owns 1,197 shares of the company’s stock worth $27,000 after buying an additional 520 shares in the last quarter. Financial Consulate Inc. acquired a new position in SPDR Portfolio Mortgage Backed Bond ETF in the fourth quarter worth approximately $32,000. Finally, Crewe Advisors LLC grew its position in SPDR Portfolio Mortgage Backed Bond ETF by 95.7% in the fourth quarter. Crewe Advisors LLC now owns 1,564 shares of the company’s stock worth $35,000 after buying an additional 765 shares during the last quarter.

SPDR Portfolio Mortgage Backed Bond ETF Price Performance

Shares of NYSEARCA:SPMB opened at $22.41 on Thursday. SPDR Portfolio Mortgage Backed Bond ETF has a 12 month low of $21.36 and a 12 month high of $22.72. The stock’s 50 day moving average price is $22.48 and its 200 day moving average price is $22.39.

SPDR Portfolio Mortgage Backed Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, February 5th. Investors of record on Monday, February 2nd will be paid a dividend of $0.0715 per share. This is an increase from SPDR Portfolio Mortgage Backed Bond ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Monday, February 2nd.

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.