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

SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 499,297 shares, a growth of 127.4% from the June 15th total of 219,590 shares. Based on an average daily volume of 1,459,744 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the shares of the stock are sold short.

SPDR Portfolio Mortgage Backed Bond ETF Stock Performance

Shares of SPDR Portfolio Mortgage Backed Bond ETF stock opened at $22.12 on Wednesday. The stock’s 50 day simple moving average is $22.22 and its 200-day simple moving average is $22.39. SPDR Portfolio Mortgage Backed Bond ETF has a 1-year low of $21.76 and a 1-year high of $22.87.

Hedge Funds Weigh In On SPDR Portfolio Mortgage Backed Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPMB. Financial Engines Advisors L.L.C. increased its position in SPDR Portfolio Mortgage Backed Bond ETF by 1.5% during the fourth quarter. Financial Engines Advisors L.L.C. now owns 188,762,736 shares of the company’s stock worth $4,231,117,000 after purchasing an additional 2,759,654 shares during the last quarter. State Street Corp raised its stake in SPDR Portfolio Mortgage Backed Bond ETF by 69.8% during the fourth quarter. State Street Corp now owns 5,020,182 shares of the company’s stock worth $112,527,000 after purchasing an additional 2,064,451 shares during the period. LPL Financial LLC boosted its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 10.8% in the 4th quarter. LPL Financial LLC now owns 20,238,970 shares of the company’s stock valued at $453,656,000 after purchasing an additional 1,974,582 shares during the last quarter. Financial Plan Inc. acquired a new position in SPDR Portfolio Mortgage Backed Bond ETF in the 4th quarter valued at about $23,264,000. Finally, 93 Financial Group LLC purchased a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF in the 4th quarter valued at approximately $16,956,000.

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.