Short Interest in Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) Declines By 97.2%

Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) was the recipient of a large drop in short interest in May. As of May 15th, there was short interest totaling 6,233 shares, a drop of 97.2% from the April 30th total of 220,782 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 1,877,891 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SMBS. IFP Advisors Inc acquired a new stake in Schwab Mortgage-Backed Securities ETF in the fourth quarter valued at approximately $213,000. Allworth Financial LP increased its holdings in shares of Schwab Mortgage-Backed Securities ETF by 4,100.0% during the fourth quarter. Allworth Financial LP now owns 2,268 shares of the company’s stock worth $58,000 after buying an additional 2,214 shares in the last quarter. Hidden Cove Wealth Management LLC bought a new position in shares of Schwab Mortgage-Backed Securities ETF in the 4th quarter valued at $372,000. Chapman Financial Group LLC boosted its holdings in shares of Schwab Mortgage-Backed Securities ETF by 4.8% during the 4th quarter. Chapman Financial Group LLC now owns 25,281 shares of the company’s stock valued at $649,000 after acquiring an additional 1,148 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new stake in shares of Schwab Mortgage-Backed Securities ETF during the 4th quarter valued at $53,000.

Schwab Mortgage-Backed Securities ETF Price Performance

Shares of Schwab Mortgage-Backed Securities ETF stock traded up $0.04 during trading on Friday, reaching $25.48. 807,391 shares of the company’s stock were exchanged, compared to its average volume of 752,230. Schwab Mortgage-Backed Securities ETF has a 1-year low of $24.92 and a 1-year high of $26.22. The firm’s 50-day moving average price is $25.48 and its 200 day moving average price is $25.67.

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.