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 increase in short interest in May. As of May 29th, there was short interest totaling 541,518 shares, an increase of 8,587.9% from the May 14th total of 6,233 shares. Based on an average trading volume of 709,383 shares, the short-interest ratio is currently 0.8 days. Currently, 0.2% of the company’s shares are short sold.

Schwab Mortgage-Backed Securities ETF Price Performance

SMBS traded up $0.08 during mid-day trading on Tuesday, hitting $25.28. 513,814 shares of the stock were exchanged, compared to its average volume of 735,881. The firm’s fifty day moving average is $25.45 and its two-hundred day moving average is $25.65. Schwab Mortgage-Backed Securities ETF has a 1-year low of $25.00 and a 1-year high of $26.22.

Hedge Funds Weigh In On Schwab Mortgage-Backed Securities ETF

Hedge funds have recently bought and sold shares of the company. Aptus Capital Advisors LLC lifted its stake in Schwab Mortgage-Backed Securities ETF by 165.3% during the 3rd quarter. Aptus Capital Advisors LLC now owns 1,040 shares of the company’s stock worth $27,000 after acquiring an additional 648 shares in the last quarter. Triumph Capital Management acquired a new position in Schwab Mortgage-Backed Securities ETF during the 3rd quarter worth about $31,000. Bank of America Corp DE lifted its stake in Schwab Mortgage-Backed Securities ETF by 372.6% during the 3rd quarter. Bank of America Corp DE now owns 1,706 shares of the company’s stock worth $44,000 after acquiring an additional 1,345 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Schwab Mortgage-Backed Securities ETF by 451.1% during the 4th quarter. Wells Fargo & Company MN now owns 1,736 shares of the company’s stock worth $45,000 after acquiring an additional 1,421 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in Schwab Mortgage-Backed Securities ETF during the 2nd quarter worth about $49,000.

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.