SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) Short Interest Up 153.4% in April

SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totaling 1,144,020 shares, an increase of 153.4% from the March 31st total of 451,507 shares. Based on an average trading volume of 780,599 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.4% of the company’s stock are sold short.

Institutional Trading of SPDR Portfolio Mortgage Backed Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of SPMB. REAP Financial Group LLC acquired a new position in SPDR Portfolio Mortgage Backed Bond ETF in the third quarter worth about $25,000. Sound Income Strategies LLC grew its stake in SPDR Portfolio Mortgage Backed Bond ETF by 76.8% in the fourth quarter. Sound Income Strategies LLC now owns 1,197 shares of the company’s stock worth $27,000 after purchasing an additional 520 shares in the last quarter. Kingdom Financial Group LLC. acquired a new position in SPDR Portfolio Mortgage Backed Bond ETF in the fourth quarter worth about $28,000. Financial Consulate Inc. acquired a new position in SPDR Portfolio Mortgage Backed Bond ETF in the fourth quarter worth about $32,000. Finally, Crewe Advisors LLC grew its stake 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 purchasing an additional 765 shares in the last quarter.

SPDR Portfolio Mortgage Backed Bond ETF Stock Down 0.1%

Shares of NYSEARCA SPMB opened at $22.41 on Tuesday. SPDR Portfolio Mortgage Backed Bond ETF has a 1 year low of $21.45 and a 1 year high of $22.87. The stock’s 50-day simple moving average is $22.48 and its 200-day simple moving average is $22.51.

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.