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

Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 10,884 shares, an increase of 127.5% from the August 15th total of 4,785 shares. Based on an average daily volume of 629,025 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Schwab Mortgage-Backed Securities ETF Trading Down 0.1%

NYSEARCA SMBS traded down $0.02 during trading hours on Tuesday, reaching $24.46. 2,335,466 shares of the company traded hands, compared to its average volume of 727,452. Schwab Mortgage-Backed Securities ETF has a 12 month low of $24.41 and a 12 month high of $26.12. The company has a 50 day moving average of $25.00 and a two-hundred day moving average of $25.32.

Institutional Investors Weigh In On Schwab Mortgage-Backed Securities ETF

A number of institutional investors have recently modified their holdings of SMBS. Schwallier Wealth Management LLC bought a new stake in Schwab Mortgage-Backed Securities ETF in the first quarter valued at $4,502,000. Citadel Advisors LLC grew its position in shares of Schwab Mortgage-Backed Securities ETF by 129.9% during the second quarter. Citadel Advisors LLC now owns 161,415 shares of the company’s stock worth $4,103,000 after acquiring an additional 91,198 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Schwab Mortgage-Backed Securities ETF by 1,293,500.0% in the first quarter. Bank of America Corp DE now owns 25,872 shares of the company’s stock valued at $661,000 after purchasing an additional 25,870 shares during the period. Corient Private Wealth LP bought a new stake in shares of Schwab Mortgage-Backed Securities ETF during the second quarter valued at about $357,000. Finally, Simplicity Wealth LLC bought a new position in shares of Schwab Mortgage-Backed Securities ETF in the first quarter valued at approximately $275,000.

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.