Short Interest in Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) Rises By 8,587.9%

Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 541,518 shares, an increase of 8,587.9% from the May 14th total of 6,233 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 709,383 shares, the days-to-cover ratio is currently 0.8 days.

Hedge Funds Weigh In On Schwab Mortgage-Backed Securities ETF

A number of hedge funds have recently modified their holdings of SMBS. Aptus Capital Advisors LLC boosted its position in shares of Schwab Mortgage-Backed Securities ETF by 165.3% in the third quarter. Aptus Capital Advisors LLC now owns 1,040 shares of the company’s stock worth $27,000 after purchasing an additional 648 shares during the period. Triumph Capital Management bought a new position in shares of Schwab Mortgage-Backed Securities ETF in the third quarter worth approximately $31,000. Bank of America Corp DE boosted its position in shares of Schwab Mortgage-Backed Securities ETF by 372.6% in the third quarter. Bank of America Corp DE now owns 1,706 shares of the company’s stock worth $44,000 after purchasing an additional 1,345 shares during the period. Wells Fargo & Company MN boosted its position in shares of Schwab Mortgage-Backed Securities ETF by 451.1% in the fourth quarter. Wells Fargo & Company MN now owns 1,736 shares of the company’s stock worth $45,000 after purchasing an additional 1,421 shares during the period. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of Schwab Mortgage-Backed Securities ETF in the second quarter worth approximately $49,000.

Schwab Mortgage-Backed Securities ETF Trading Up 0.3%

SMBS opened at $25.28 on Wednesday. Schwab Mortgage-Backed Securities ETF has a 1-year low of $25.00 and a 1-year high of $26.22. The company has a 50 day simple moving average of $25.45 and a two-hundred day simple moving average of $25.65.

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.