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

Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 180,953 shares, a decline of 42.6% from the June 30th total of 315,332 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 463,249 shares, the short-interest ratio is currently 0.4 days.

Schwab Mortgage-Backed Securities ETF Trading Up 0.1%

SMBS stock traded up $0.03 during trading on Thursday, reaching $25.10. 357,799 shares of the company’s stock were exchanged, compared to its average volume of 683,410. The company’s fifty day moving average price is $25.28 and its 200-day moving average price is $25.53. Schwab Mortgage-Backed Securities ETF has a 1-year low of $24.96 and a 1-year high of $26.12.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Schwallier Wealth Management LLC acquired a new position in shares of Schwab Mortgage-Backed Securities ETF in the 1st quarter worth approximately $4,502,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Schwab Mortgage-Backed Securities ETF by 305.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,468 shares of the company’s stock valued at $166,000 after purchasing an additional 4,872 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in Schwab Mortgage-Backed Securities ETF during the 2nd quarter worth about $117,000. Raymond James Financial Inc. acquired a new position in Schwab Mortgage-Backed Securities ETF in the 2nd quarter valued at approximately $104,000. Finally, Osaic Holdings Inc. acquired a new position in shares of Schwab Mortgage-Backed Securities ETF in the second quarter worth $61,000.

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.