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

Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 4,645 shares, a decrease of 99.1% from the May 31st total of 541,518 shares. Based on an average daily volume of 533,325 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Trading of Schwab Mortgage-Backed Securities ETF

Several large investors have recently added to or reduced their stakes in SMBS. Aptus Capital Advisors LLC raised its stake in Schwab Mortgage-Backed Securities ETF by 165.3% during the 3rd quarter. Aptus Capital Advisors LLC now owns 1,040 shares of the company’s stock valued at $27,000 after acquiring an additional 648 shares in the last quarter. Triumph Capital Management bought a new position in shares of Schwab Mortgage-Backed Securities ETF in the third quarter worth $31,000. Bank of America Corp DE grew its stake 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 in the last quarter. Wells Fargo & Company MN grew its stake 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 in the last quarter. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of Schwab Mortgage-Backed Securities ETF during the second quarter valued at $49,000.

Schwab Mortgage-Backed Securities ETF Price Performance

Shares of NYSEARCA:SMBS traded up $0.08 during trading hours on Thursday, hitting $25.54. The stock had a trading volume of 801,433 shares, compared to its average volume of 724,494. The stock’s fifty day simple moving average is $25.41 and its 200 day simple moving average is $25.61. Schwab Mortgage-Backed Securities ETF has a 1-year low of $25.00 and a 1-year high of $26.22.

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.