SPDR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB – Get Free Report) saw a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 248,013 shares, a drop of 50.3% from the June 30th total of 499,297 shares. Based on an average daily volume of 1,120,997 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Assetmark Inc. boosted its holdings in SPDR Portfolio Mortgage Backed Bond ETF by 5.0% during the fourth quarter. Assetmark Inc. now owns 1,741,982 shares of the company’s stock valued at $39,047,000 after acquiring an additional 83,017 shares during the period. True North Advisors LLC bought a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF in the fourth quarter worth about $553,000. Q3 Asset Management acquired a new position in shares of SPDR Portfolio Mortgage Backed Bond ETF during the 4th quarter worth about $2,882,000. Leicht Financial Planning & Wealth Management Inc. lifted its position in shares of SPDR Portfolio Mortgage Backed Bond ETF by 7.5% during the 4th quarter. Leicht Financial Planning & Wealth Management Inc. now owns 916,454 shares of the company’s stock worth $20,542,000 after purchasing an additional 64,163 shares during the last quarter. Finally, TMB Capital Partners LLC bought a new stake in SPDR Portfolio Mortgage Backed Bond ETF during the 4th quarter valued at approximately $964,000.
SPDR Portfolio Mortgage Backed Bond ETF Trading Up 0.5%
Shares of NYSEARCA:SPMB traded up $0.10 during trading on Tuesday, reaching $22.13. The stock had a trading volume of 321,877 shares, compared to its average volume of 1,021,027. SPDR Portfolio Mortgage Backed Bond ETF has a 52 week low of $21.88 and a 52 week high of $22.87. The stock has a fifty day simple moving average of $22.19 and a two-hundred day simple moving average of $22.37.
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.
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