Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) Sees Significant Decline in Short Interest

Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 6,233 shares, a drop of 97.2% from the April 30th total of 220,782 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 1,877,891 shares, the short-interest ratio is presently 0.0 days.

Schwab Mortgage-Backed Securities ETF Stock Performance

NYSEARCA:SMBS traded up $0.01 during mid-day trading on Wednesday, hitting $25.38. 955,356 shares of the stock were exchanged, compared to its average volume of 750,818. The firm’s 50-day simple moving average is $25.48 and its 200 day simple moving average is $25.67. Schwab Mortgage-Backed Securities ETF has a fifty-two week low of $24.92 and a fifty-two week high of $26.22.

Institutional Trading of Schwab Mortgage-Backed Securities ETF

Several hedge funds have recently added to or reduced their stakes in the company. Howe & Rusling Inc. bought a new stake in Schwab Mortgage-Backed Securities ETF in the 3rd quarter valued at about $26,000. Aptus Capital Advisors LLC boosted its holdings in Schwab Mortgage-Backed Securities ETF by 165.3% in the 3rd quarter. Aptus Capital Advisors LLC now owns 1,040 shares of the company’s stock valued at $27,000 after purchasing an additional 648 shares during the period. Triumph Capital Management bought a new stake in Schwab Mortgage-Backed Securities ETF in the 3rd quarter valued at about $31,000. Bank of America Corp DE boosted its holdings in Schwab Mortgage-Backed Securities ETF by 372.6% in the 3rd quarter. Bank of America Corp DE now owns 1,706 shares of the company’s stock valued at $44,000 after purchasing an additional 1,345 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in Schwab Mortgage-Backed Securities ETF by 451.1% in the 4th quarter. Wells Fargo & Company MN now owns 1,736 shares of the company’s stock valued at $45,000 after purchasing an additional 1,421 shares during the period.

Schwab Mortgage-Backed Securities ETF Company Profile

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.