Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) Short Interest Down 99.1% in June

Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) saw 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. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 533,325 shares, the days-to-cover ratio is presently 0.0 days.

Schwab Mortgage-Backed Securities ETF Price Performance

SMBS traded up $0.02 during trading on Friday, reaching $25.56. 490,216 shares of the stock were exchanged, compared to its average volume of 722,512. Schwab Mortgage-Backed Securities ETF has a twelve month low of $25.00 and a twelve month high of $26.22. The stock’s 50 day moving average price is $25.41 and its two-hundred day moving average price is $25.61.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Bank of America Corp DE raised its stake in Schwab Mortgage-Backed Securities ETF by 1,293,500.0% in the 1st quarter. Bank of America Corp DE now owns 25,872 shares of the company’s stock valued at $661,000 after acquiring an additional 25,870 shares during the period. Cetera Investment Advisers boosted its position in Schwab Mortgage-Backed Securities ETF by 7.2% during 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 period. Schwallier Wealth Management LLC acquired a new position in shares of Schwab Mortgage-Backed Securities ETF in the first quarter valued at $4,502,000. Simplicity Wealth LLC bought a new position in shares of Schwab Mortgage-Backed Securities ETF in the first quarter valued at about $275,000. Finally, Lodestar Private Asset Management LLC bought a new position in shares of Schwab Mortgage-Backed Securities ETF in the first quarter valued at about $204,000.

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.