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

SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) was the target of a large increase in short interest in February. As of February 27th, there was short interest totaling 568,323 shares, an increase of 137.5% from the February 12th total of 239,312 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 632,313 shares, the days-to-cover ratio is presently 0.9 days. Based on an average trading volume of 632,313 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On SPDR Portfolio Mortgage Backed Bond ETF

Several hedge funds have recently made changes to their positions in SPMB. AlphaCore Capital LLC lifted its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 666.7% in the second 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 acquired a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF in the 3rd quarter valued at about $25,000. Sound Income Strategies LLC lifted its position in shares of 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 stake in shares of SPDR Portfolio Mortgage Backed Bond ETF during the fourth quarter worth approximately $28,000. Finally, Financial Consulate Inc. acquired a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF during the fourth quarter worth approximately $32,000.

SPDR Portfolio Mortgage Backed Bond ETF Stock Down 0.1%

Shares of SPDR Portfolio Mortgage Backed Bond ETF stock opened at $22.35 on Friday. SPDR Portfolio Mortgage Backed Bond ETF has a 12-month low of $21.36 and a 12-month high of $22.87. The stock’s fifty day moving average is $22.57 and its 200-day moving average is $22.50.

SPDR Portfolio Mortgage Backed Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a $0.0695 dividend. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, March 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.