Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) Sees Significant Decline in Short Interest

Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totaling 180,953 shares, a drop of 42.6% from the June 30th total of 315,332 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 463,249 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Schwab Mortgage-Backed Securities ETF

Hedge funds have recently made changes to their positions in the company. Bank of America Corp DE grew its stake in Schwab Mortgage-Backed Securities ETF by 1,293,500.0% during the 1st 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 during the last quarter. Cetera Investment Advisers raised its holdings in Schwab Mortgage-Backed Securities ETF by 7.2% during 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. Schwallier Wealth Management LLC acquired a new stake in shares of Schwab Mortgage-Backed Securities ETF in the 1st quarter valued at approximately $4,502,000. Simplicity Wealth LLC purchased a new stake in shares of Schwab Mortgage-Backed Securities ETF during the 1st quarter worth $275,000. Finally, Lodestar Private Asset Management LLC purchased a new stake in Schwab Mortgage-Backed Securities ETF during the first quarter worth about $204,000.

Schwab Mortgage-Backed Securities ETF Stock Performance

Shares of SMBS stock traded down $0.08 on Friday, reaching $25.02. 357,616 shares of the stock were exchanged, compared to its average volume of 681,290. The business’s 50 day moving average price is $25.27 and its 200 day moving average price is $25.52. Schwab Mortgage-Backed Securities ETF has a twelve month low of $24.96 and a twelve month high of $26.12.

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.