Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) Shares Shorted: Short Interest Up 1,318.8% in September

Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) was the recipient of a large growth in short interest during 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. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 1,926,494 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Schwab Mortgage-Backed Securities ETF

Several hedge funds have recently added to or reduced their stakes in the company. Schwallier Wealth Management LLC purchased a new position in Schwab Mortgage-Backed Securities ETF in the 1st quarter worth about $4,502,000. Citadel Advisors LLC increased its holdings in shares of Schwab Mortgage-Backed Securities ETF by 129.9% in the 2nd quarter. Citadel Advisors LLC now owns 161,415 shares of the company’s stock valued at $4,103,000 after acquiring an additional 91,198 shares during the period. Bank of America Corp DE boosted its holdings in shares of 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 buying an additional 25,870 shares in the last quarter. Corient Private Wealth LP purchased a new stake in Schwab Mortgage-Backed Securities ETF during the second quarter valued at approximately $357,000. Finally, Simplicity Wealth LLC acquired a new position in shares of Schwab Mortgage-Backed Securities ETF during the first quarter worth $275,000.

Schwab Mortgage-Backed Securities ETF Stock Performance

Shares of NYSEARCA:SMBS traded up $0.04 on Friday, reaching $24.18. The company’s stock had a trading volume of 183,613 shares, compared to its average volume of 755,061. Schwab Mortgage-Backed Securities ETF has a 52-week low of $24.10 and a 52-week high of $26.12. The company has a 50-day simple moving average of $24.89 and a 200 day simple moving average of $25.24.

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.