Short Interest in Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) Declines By 67.2%

Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) saw a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 178,939 shares, a decline of 67.2% from the December 15th total of 544,830 shares. Based on an average trading volume of 550,848 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 550,848 shares, the days-to-cover ratio is presently 0.3 days.

Schwab Mortgage-Backed Securities ETF Price Performance

NYSEARCA:SMBS traded up $0.03 on Wednesday, reaching $25.86. The stock had a trading volume of 468,298 shares, compared to its average volume of 427,200. Schwab Mortgage-Backed Securities ETF has a 12-month low of $24.65 and a 12-month high of $26.22. The firm’s fifty day moving average is $25.73 and its two-hundred day moving average is $25.59.

Institutional Trading of Schwab Mortgage-Backed Securities ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Howe & Rusling Inc. acquired a new position in Schwab Mortgage-Backed Securities ETF in the 3rd quarter valued at $26,000. Aptus Capital Advisors LLC grew its position in shares of Schwab Mortgage-Backed Securities ETF by 165.3% in the third quarter. Aptus Capital Advisors LLC now owns 1,040 shares of the company’s stock valued at $27,000 after purchasing an additional 648 shares during the period. Triumph Capital Management acquired a new position in Schwab Mortgage-Backed Securities ETF in the third quarter valued at $31,000. SYM FINANCIAL Corp acquired a new position in Schwab Mortgage-Backed Securities ETF in the second quarter valued at $35,000. Finally, Hoey Investments Inc. purchased a new position in Schwab Mortgage-Backed Securities ETF during the second quarter worth about $40,000.

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.