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

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

Hedge Funds Weigh In On Schwab Mortgage-Backed Securities ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC raised 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 purchasing an additional 91,198 shares during the period. Schwallier Wealth Management LLC acquired a new stake in Schwab Mortgage-Backed Securities ETF in the 1st quarter valued at $4,502,000. Bank of America Corp DE grew its position 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 purchasing an additional 25,870 shares during the period. Lodestar Private Asset Management LLC bought a new stake in Schwab Mortgage-Backed Securities ETF during the 1st quarter valued at $204,000. Finally, Simplicity Wealth LLC bought a new stake in Schwab Mortgage-Backed Securities ETF during the 1st quarter valued at $275,000.

Schwab Mortgage-Backed Securities ETF Price Performance

Shares of NYSEARCA SMBS opened at $24.25 on Friday. The company’s fifty day simple moving average is $24.87 and its 200 day simple moving average is $25.23. Schwab Mortgage-Backed Securities ETF has a 12-month low of $24.10 and a 12-month high of $26.12.

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.