Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) Short Interest Down 97.2% in May

Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 6,233 shares, a decline of 97.2% from the April 30th total of 220,782 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 1,877,891 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On Schwab Mortgage-Backed Securities ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Howe & Rusling Inc. acquired a new stake in shares of Schwab Mortgage-Backed Securities ETF in the third quarter worth about $26,000. Aptus Capital Advisors LLC lifted 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 worth $27,000 after buying an additional 648 shares during the last quarter. Triumph Capital Management acquired a new stake in shares of Schwab Mortgage-Backed Securities ETF in the third quarter worth about $31,000. Bank of America Corp DE lifted its position in shares of Schwab Mortgage-Backed Securities ETF by 372.6% in the third quarter. Bank of America Corp DE now owns 1,706 shares of the company’s stock worth $44,000 after buying an additional 1,345 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Schwab Mortgage-Backed Securities ETF by 451.1% in the fourth quarter. Wells Fargo & Company MN now owns 1,736 shares of the company’s stock worth $45,000 after buying an additional 1,421 shares during the last quarter.

Schwab Mortgage-Backed Securities ETF Stock Performance

Shares of SMBS stock traded up $0.07 on Thursday, reaching $25.45. 835,715 shares of the company’s stock traded hands, compared to its average volume of 750,393. Schwab Mortgage-Backed Securities ETF has a 12-month low of $24.92 and a 12-month high of $26.22. The business’s 50 day moving average price is $25.48 and its two-hundred day moving average price is $25.67.

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.