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

Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totaling 255,258 shares, a growth of 42.7% from the December 31st total of 178,939 shares. Based on an average trading volume of 424,560 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.1% of the company’s stock are short sold. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 424,560 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Howe & Rusling Inc. acquired a new position in Schwab Mortgage-Backed Securities ETF during the third quarter worth approximately $26,000. Aptus Capital Advisors LLC grew its position in shares of Schwab Mortgage-Backed Securities ETF by 165.3% during the third quarter. Aptus Capital Advisors LLC now owns 1,040 shares of the company’s stock worth $27,000 after acquiring an additional 648 shares during the last quarter. Triumph Capital Management purchased a new position in shares of Schwab Mortgage-Backed Securities ETF during the third quarter worth approximately $31,000. SYM FINANCIAL Corp acquired a new position in shares of Schwab Mortgage-Backed Securities ETF in the 2nd quarter valued at $35,000. Finally, Bank of America Corp DE raised its position in Schwab Mortgage-Backed Securities ETF by 372.6% in the 3rd quarter. Bank of America Corp DE now owns 1,706 shares of the company’s stock valued at $44,000 after purchasing an additional 1,345 shares during the last quarter.

Schwab Mortgage-Backed Securities ETF Stock Performance

NYSEARCA SMBS opened at $25.81 on Friday. Schwab Mortgage-Backed Securities ETF has a 1 year low of $24.65 and a 1 year high of $26.22. The company has a fifty day moving average of $25.75 and a two-hundred day moving average of $25.64.

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.