Short Interest in Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) Drops By 96.5%

Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 4,785 shares, a decline of 96.5% from the July 30th total of 136,811 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 542,655 shares, the days-to-cover ratio is presently 0.0 days.

Schwab Mortgage-Backed Securities ETF Trading Down 0.1%

Shares of NYSEARCA:SMBS opened at $25.13 on Thursday. Schwab Mortgage-Backed Securities ETF has a 1 year low of $24.91 and a 1 year high of $26.12. The business’s 50 day moving average price is $25.16 and its 200-day moving average price is $25.42.

Hedge Funds Weigh In On Schwab Mortgage-Backed Securities ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its position in shares of Schwab Mortgage-Backed Securities ETF by 5.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 222,649,093 shares of the company’s stock valued at $5,716,516,000 after acquiring an additional 11,574,326 shares in the last quarter. Schwallier Wealth Management LLC purchased a new stake in shares of Schwab Mortgage-Backed Securities ETF during the first quarter worth approximately $4,502,000. JPMorgan Chase & Co. acquired a new position in Schwab Mortgage-Backed Securities ETF in the 2nd quarter valued at $3,613,000. Jane Street Group LLC raised its stake in Schwab Mortgage-Backed Securities ETF by 349.1% in the 2nd quarter. Jane Street Group LLC now owns 73,568 shares of the company’s stock valued at $1,874,000 after purchasing an additional 57,186 shares during the last quarter. Finally, CacheTech Inc. lifted its holdings in Schwab Mortgage-Backed Securities ETF by 7.6% in the 3rd quarter. CacheTech Inc. now owns 379,625 shares of the company’s stock valued at $9,760,000 after purchasing an additional 26,827 shares in the last quarter.

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.