Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS – Get Free Report) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 541,518 shares, an increase of 8,587.9% from the May 14th total of 6,233 shares. Based on an average daily volume of 709,383 shares, the short-interest ratio is currently 0.8 days. Currently, 0.2% of the company’s shares are short sold.
Hedge Funds Weigh In On Schwab Mortgage-Backed Securities ETF
Large investors have recently modified their holdings of the business. Aptus Capital Advisors LLC lifted its stake in shares of Schwab Mortgage-Backed Securities ETF by 165.3% in the 3rd quarter. Aptus Capital Advisors LLC now owns 1,040 shares of the company’s stock valued at $27,000 after purchasing an additional 648 shares during the last quarter. Triumph Capital Management acquired a new position in shares of Schwab Mortgage-Backed Securities ETF in the 3rd quarter valued at $31,000. Bank of America Corp DE lifted its stake in shares of Schwab Mortgage-Backed Securities ETF by 372.6% in the 3rd quarter. Bank of America Corp DE now owns 1,706 shares of the company’s stock valued at $44,000 after purchasing an additional 1,345 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Schwab Mortgage-Backed Securities ETF by 451.1% in the 4th quarter. Wells Fargo & Company MN now owns 1,736 shares of the company’s stock valued at $45,000 after purchasing an additional 1,421 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of Schwab Mortgage-Backed Securities ETF in the 2nd quarter valued at $49,000.
Schwab Mortgage-Backed Securities ETF Stock Performance
Shares of Schwab Mortgage-Backed Securities ETF stock traded up $0.08 during trading hours on Tuesday, hitting $25.28. The company’s stock had a trading volume of 513,814 shares, compared to its average volume of 735,881. Schwab Mortgage-Backed Securities ETF has a twelve month low of $25.00 and a twelve month high of $26.22. The firm has a fifty day moving average of $25.45 and a 200-day moving average of $25.65.
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.
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