SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) Short Interest Down 48.5% in February

SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) was the recipient of a significant drop in short interest in February. As of February 13th, there was short interest totaling 239,312 shares, a drop of 48.5% from the January 29th total of 464,560 shares. Based on an average daily volume of 920,992 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 920,992 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of SPDR Portfolio Mortgage Backed Bond ETF

Hedge funds have recently added to or reduced their stakes in the business. Financial Engines Advisors L.L.C. boosted its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 1.5% in the 4th quarter. Financial Engines Advisors L.L.C. now owns 188,762,736 shares of the company’s stock valued at $4,231,117,000 after buying an additional 2,759,654 shares in the last quarter. LPL Financial LLC lifted its position in SPDR Portfolio Mortgage Backed Bond ETF by 10.8% during the fourth quarter. LPL Financial LLC now owns 20,238,970 shares of the company’s stock valued at $453,656,000 after acquiring an additional 1,974,582 shares during the last quarter. Stifel Financial Corp boosted its stake in SPDR Portfolio Mortgage Backed Bond ETF by 7.4% in the fourth quarter. Stifel Financial Corp now owns 7,602,932 shares of the company’s stock valued at $170,420,000 after acquiring an additional 523,944 shares in the last quarter. Benjamin Edwards Inc. boosted its stake in SPDR Portfolio Mortgage Backed Bond ETF by 5.9% in the fourth quarter. Benjamin Edwards Inc. now owns 6,119,180 shares of the company’s stock valued at $137,160,000 after acquiring an additional 340,043 shares in the last quarter. Finally, State Street Corp grew its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 45.9% in the second quarter. State Street Corp now owns 5,858,146 shares of the company’s stock worth $129,465,000 after purchasing an additional 1,843,991 shares during the last quarter.

SPDR Portfolio Mortgage Backed Bond ETF Stock Performance

Shares of SPMB opened at $22.79 on Friday. The business has a fifty day moving average of $22.54 and a 200 day moving average of $22.47. SPDR Portfolio Mortgage Backed Bond ETF has a 52-week low of $21.36 and a 52-week high of $22.80.

SPDR Portfolio Mortgage Backed Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were issued a $0.0715 dividend. The ex-dividend date was Monday, February 2nd. This is a positive change from SPDR Portfolio Mortgage Backed Bond ETF’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%.

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.