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

Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) saw a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 9,605 shares, a decline of 93.1% from the October 15th total of 138,393 shares. Based on an average trading volume of 1,332,571 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Schwab Mortgage-Backed Securities ETF Price Performance

Shares of SMBS stock traded down $0.04 during trading hours on Wednesday, reaching $24.43. 726,647 shares of the company were exchanged, compared to its average volume of 854,118. Schwab Mortgage-Backed Securities ETF has a fifty-two week low of $23.80 and a fifty-two week high of $26.12. The stock’s fifty day moving average is $24.39 and its two-hundred day moving average is $25.18.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC acquired a new stake in shares of Schwab Mortgage-Backed Securities ETF in the 2nd quarter valued at $26,000. Russell Investments Group Ltd. acquired a new position in shares of Schwab Mortgage-Backed Securities ETF during the third quarter valued at $29,000. HighTower Advisors LLC bought a new position in Schwab Mortgage-Backed Securities ETF in the third quarter valued at about $250,000. Simplicity Wealth LLC bought a new position in Schwab Mortgage-Backed Securities ETF in the first quarter valued at about $275,000. Finally, Chapin Davis Inc. bought a new position in Schwab Mortgage-Backed Securities ETF in the third quarter valued at about $305,000.

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.