SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) Short Interest Down 22.9% in January

SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB) was the target of a significant drop in short interest in January. As of January 30th, there was short interest totaling 464,560 shares, a drop of 22.9% from the January 15th total of 602,464 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 853,044 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 853,044 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the shares of the stock are sold short.

SPDR Portfolio Mortgage Backed Bond ETF Price Performance

NYSEARCA:SPMB traded up $0.08 during midday trading on Friday, hitting $22.75. 658,354 shares of the stock were exchanged, compared to its average volume of 810,392. SPDR Portfolio Mortgage Backed Bond ETF has a one year low of $21.36 and a one year high of $22.77. The business has a 50-day moving average price of $22.49 and a two-hundred day moving average price of $22.42.

SPDR Portfolio Mortgage Backed Bond ETF Increases Dividend

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

Institutional Investors Weigh In On SPDR Portfolio Mortgage Backed Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Financial Engines Advisors L.L.C. grew its stake 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 worth $4,231,117,000 after purchasing an additional 2,759,654 shares during the last quarter. State Street Corp grew its holdings in shares of SPDR Portfolio Mortgage Backed Bond ETF by 69.8% in the 4th quarter. State Street Corp now owns 5,020,182 shares of the company’s stock worth $112,527,000 after acquiring an additional 2,064,451 shares during the last quarter. LPL Financial LLC raised its position in shares of 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 worth $453,656,000 after purchasing an additional 1,974,582 shares during the period. Financial Plan Inc. acquired a new stake in shares of SPDR Portfolio Mortgage Backed Bond ETF during the fourth quarter worth $23,264,000. Finally, Collier Financial purchased a new position in SPDR Portfolio Mortgage Backed Bond ETF in the 3rd quarter worth about $13,167,000.

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.