Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) Sees Large Increase in Short Interest

Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 432,706 shares, an increase of 180.2% from the September 15th total of 154,426 shares. Based on an average daily trading volume, of 1,236,791 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On Schwab Mortgage-Backed Securities ETF

Several large investors have recently modified their holdings of the stock. Citadel Advisors LLC increased its stake in Schwab Mortgage-Backed Securities ETF by 129.9% in the 2nd quarter. Citadel Advisors LLC now owns 161,415 shares of the company’s stock valued at $4,103,000 after buying an additional 91,198 shares during the period. Bank of America Corp DE raised its position in Schwab Mortgage-Backed Securities ETF by 1,293,500.0% during the 1st quarter. Bank of America Corp DE now owns 25,872 shares of the company’s stock worth $661,000 after buying an additional 25,870 shares during the last quarter. Schwallier Wealth Management LLC purchased a new position in Schwab Mortgage-Backed Securities ETF during the 1st quarter worth $4,502,000. Cetera Investment Advisers raised its position in Schwab Mortgage-Backed Securities ETF by 7.2% during the 1st quarter. Cetera Investment Advisers now owns 13,600 shares of the company’s stock worth $347,000 after buying an additional 913 shares during the last quarter. Finally, Chapin Davis Inc. acquired a new stake in shares of Schwab Mortgage-Backed Securities ETF in the 3rd quarter worth $305,000.

Schwab Mortgage-Backed Securities ETF Stock Performance

SMBS stock traded down $0.02 during trading on Monday, hitting $24.07. The company had a trading volume of 190,813 shares, compared to its average volume of 792,673. Schwab Mortgage-Backed Securities ETF has a 1-year low of $23.80 and a 1-year high of $26.12. The firm has a 50-day moving average price of $24.65 and a 200-day moving average price of $25.12.

About Schwab Mortgage-Backed Securities ETF

The Schwab Mortgage-Backed Securities ETF (SMBS) is an exchange-traded fund that is based on the Bloomberg US MBS – Float Adjusted index. The fund tracks a market value-weighted index of investment grade US mortgage-backed securities. SMBS was launched on Nov 19, 2024 and is issued by Charles Schwab.