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. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 1,332,571 shares, the days-to-cover ratio is currently 0.0 days.

Schwab Mortgage-Backed Securities ETF Trading Down 0.7%

Shares of SMBS traded down $0.17 during trading hours on Thursday, hitting $24.26. 643,768 shares of the stock traded hands, compared to its average volume of 853,453. The business has a fifty day moving average of $24.39 and a 200-day moving average of $25.17. Schwab Mortgage-Backed Securities ETF has a 1-year low of $23.80 and a 1-year high of $26.12.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Integrated Wealth Concepts LLC acquired a new stake in shares of Schwab Mortgage-Backed Securities ETF during the 2nd quarter worth approximately $26,000. Russell Investments Group Ltd. acquired a new position in Schwab Mortgage-Backed Securities ETF in the third quarter valued at approximately $29,000. HighTower Advisors LLC bought a new position in Schwab Mortgage-Backed Securities ETF in the third quarter valued at approximately $250,000. Simplicity Wealth LLC bought a new position in Schwab Mortgage-Backed Securities ETF in the first quarter valued at approximately $275,000. Finally, Chapin Davis Inc. acquired a new stake in Schwab Mortgage-Backed Securities ETF during the 3rd quarter worth $305,000.

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.