Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) Stock Short Interest Jumps 1,318.8%

Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 154,426 shares, a growth of 1,318.8% from the August 31st total of 10,884 shares. Based on an average daily trading volume, of 1,926,494 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Schwab Mortgage-Backed Securities ETF Stock Down 0.8%

Shares of Schwab Mortgage-Backed Securities ETF stock traded down $0.20 on Thursday, reaching $24.14. 1,421,420 shares of the company traded hands, compared to its average volume of 758,226. The company has a 50 day moving average of $24.89 and a 200 day moving average of $25.24. Schwab Mortgage-Backed Securities ETF has a 52 week low of $24.14 and a 52 week high of $26.12.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC bought a new position in shares of Schwab Mortgage-Backed Securities ETF during the 2nd quarter worth $26,000. Citadel Advisors LLC raised its stake in Schwab Mortgage-Backed Securities ETF by 129.9% in the 2nd quarter. Citadel Advisors LLC now owns 161,415 shares of the company’s stock valued at $4,103,000 after acquiring an additional 91,198 shares during the period. Corient Private Wealth LP purchased a new stake in Schwab Mortgage-Backed Securities ETF during the second quarter valued at about $357,000. Bank of America Corp DE increased its stake in shares of Schwab Mortgage-Backed Securities ETF by 1,293,500.0% in the first quarter. Bank of America Corp DE now owns 25,872 shares of the company’s stock worth $661,000 after purchasing an additional 25,870 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake 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 worth $347,000 after purchasing an additional 913 shares in the last quarter.

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.