Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS – Get Free Report) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 432,706 shares, an increase of 180.2% from the September 15th total of 154,426 shares. Based on an average daily trading volume, of 1,236,791 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the company’s shares are short sold.
Schwab Mortgage-Backed Securities ETF Stock Performance
SMBS opened at $24.17 on Wednesday. The business has a 50-day moving average of $24.62 and a two-hundred day moving average of $25.10. Schwab Mortgage-Backed Securities ETF has a 12 month low of $23.80 and a 12 month high of $26.12.
Institutional Investors Weigh In On Schwab Mortgage-Backed Securities ETF
Hedge funds have recently modified their holdings of the stock. Schwallier Wealth Management LLC purchased a new stake in Schwab Mortgage-Backed Securities ETF in the first quarter valued at approximately $4,502,000. Citadel Advisors LLC increased its position in Schwab Mortgage-Backed Securities ETF by 129.9% during the second quarter. Citadel Advisors LLC now owns 161,415 shares of the company’s stock worth $4,103,000 after purchasing an additional 91,198 shares during the last quarter. Bank of America Corp DE increased its position in 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 purchasing an additional 25,870 shares during the last quarter. Avidian Wealth Enterprises LLC acquired a new position in Schwab Mortgage-Backed Securities ETF during the third quarter worth approximately $416,000. Finally, CoreCap Advisors LLC raised its stake in Schwab Mortgage-Backed Securities ETF by 382.2% during the third quarter. CoreCap Advisors LLC now owns 15,137 shares of the company’s stock worth $363,000 after purchasing an additional 11,998 shares during the period.
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.
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