Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) Stock Short Interest Jumps 1,318.8%

Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 154,426 shares, an increase of 1,318.8% from the August 31st total of 10,884 shares. Based on an average daily volume of 1,926,494 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On Schwab Mortgage-Backed Securities ETF

A number of hedge funds have recently added to or reduced their stakes in SMBS. Cetera Investment Advisers raised its stake in shares of Schwab Mortgage-Backed Securities ETF by 7.2% in the first quarter. Cetera Investment Advisers now owns 13,600 shares of the company’s stock worth $347,000 after purchasing an additional 913 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Schwab Mortgage-Backed Securities ETF during the second quarter valued at approximately $26,000. Allworth Financial LP grew its holdings in Schwab Mortgage-Backed Securities ETF by 4,100.0% during the fourth quarter. Allworth Financial LP now owns 2,268 shares of the company’s stock worth $58,000 after buying an additional 2,214 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in Schwab Mortgage-Backed Securities ETF by 727.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,796 shares of the company’s stock worth $72,000 after buying an additional 2,458 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Schwab Mortgage-Backed Securities ETF by 80.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,220 shares of the company’s stock worth $185,000 after buying an additional 3,209 shares in the last quarter.

Schwab Mortgage-Backed Securities ETF Stock Down 0.8%

Shares of NYSEARCA SMBS traded down $0.20 during midday trading on Thursday, reaching $24.14. The stock had a trading volume of 1,421,420 shares, compared to its average volume of 758,226. Schwab Mortgage-Backed Securities ETF has a twelve month low of $24.14 and a twelve month high of $26.12. The company’s 50 day moving average price is $24.89 and its 200 day moving average price is $25.24.

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.