Short Interest in Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) Drops By 99.1%

Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 4,645 shares, a decrease of 99.1% from the May 31st total of 541,518 shares. Based on an average daily trading volume, of 533,325 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in shares of Schwab Mortgage-Backed Securities ETF by 1,293,500.0% during the first quarter. Bank of America Corp DE now owns 25,872 shares of the company’s stock worth $661,000 after buying an additional 25,870 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Schwab Mortgage-Backed Securities ETF by 7.2% in the first quarter. Cetera Investment Advisers now owns 13,600 shares of the company’s stock valued at $347,000 after acquiring an additional 913 shares during the period. Schwallier Wealth Management LLC acquired a new position in shares of Schwab Mortgage-Backed Securities ETF in the first quarter valued at about $4,502,000. Simplicity Wealth LLC acquired a new position in shares of Schwab Mortgage-Backed Securities ETF in the first quarter valued at about $275,000. Finally, Lodestar Private Asset Management LLC acquired a new position in shares of Schwab Mortgage-Backed Securities ETF in the first quarter valued at about $204,000.

Schwab Mortgage-Backed Securities ETF Trading Down 0.0%

SMBS stock traded down $0.01 during mid-day trading on Friday, hitting $25.53. 570,011 shares of the company were exchanged, compared to its average volume of 723,217. Schwab Mortgage-Backed Securities ETF has a 1-year low of $25.00 and a 1-year high of $26.22. The business has a 50 day simple moving average of $25.41 and a 200-day simple moving average of $25.61.

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.