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

SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) was the target 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 trading volume of 920,992 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 920,992 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On SPDR Portfolio Mortgage Backed Bond ETF

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

SPDR Portfolio Mortgage Backed Bond ETF Stock Up 0.1%

Shares of SPMB traded up $0.03 during midday trading on Friday, reaching $22.82. 624,606 shares of the stock were exchanged, compared to its average volume of 769,282. SPDR Portfolio Mortgage Backed Bond ETF has a twelve month low of $21.36 and a twelve month high of $22.87. The business’s 50-day moving average price is $22.55 and its 200 day moving average price is $22.47.

SPDR Portfolio Mortgage Backed Bond ETF Increases Dividend

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

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.