Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) Short Interest Up 6,688.6% in June

Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 315,332 shares, a growth of 6,688.6% from the June 15th total of 4,645 shares. Based on an average daily trading volume, of 578,131 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the shares of the company are sold short.

Schwab Mortgage-Backed Securities ETF Stock Performance

Shares of SMBS traded down $0.03 during midday trading on Friday, hitting $25.20. 440,012 shares of the stock traded hands, compared to its average volume of 704,070. Schwab Mortgage-Backed Securities ETF has a 1-year low of $25.00 and a 1-year high of $26.12. The business’s 50 day moving average price is $25.34 and its two-hundred day moving average price is $25.58.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SMBS. Charles Schwab Investment Management Inc. increased its stake 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 purchasing an additional 11,574,326 shares during the period. Schwallier Wealth Management LLC acquired a new position in shares of Schwab Mortgage-Backed Securities ETF during the first quarter worth approximately $4,502,000. JPMorgan Chase & Co. bought a new position in Schwab Mortgage-Backed Securities ETF in the 2nd quarter worth approximately $3,613,000. Jane Street Group LLC grew its holdings 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 worth $1,874,000 after buying an additional 57,186 shares in the last quarter. Finally, CacheTech Inc. grew 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 worth $9,760,000 after buying 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.