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

SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) was the recipient of a significant drop in short interest during the month of 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 short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 920,992 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. AlphaCore Capital LLC lifted its holdings in 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 acquiring an additional 1,000 shares during the period. REAP Financial Group LLC acquired a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF during the 3rd quarter worth approximately $25,000. Sound Income Strategies LLC increased its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 76.8% during the 4th quarter. Sound Income Strategies LLC now owns 1,197 shares of the company’s stock valued at $27,000 after purchasing an additional 520 shares in the last quarter. Kingdom Financial Group LLC. acquired a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF in the 4th quarter valued at $28,000. Finally, Financial Consulate Inc. purchased a new stake in SPDR Portfolio Mortgage Backed Bond ETF during the fourth quarter worth $32,000.

SPDR Portfolio Mortgage Backed Bond ETF Stock Up 0.1%

NYSEARCA:SPMB opened at $22.79 on Friday. SPDR Portfolio Mortgage Backed Bond ETF has a one year low of $21.36 and a one year high of $22.80. The firm’s fifty day moving average is $22.54 and its two-hundred day moving average is $22.47.

SPDR Portfolio Mortgage Backed Bond ETF Increases Dividend

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

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.