Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS – Get Free Report) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 4,645 shares, a decline of 99.1% from the May 31st total of 541,518 shares. Based on an average daily volume of 533,325 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Aptus Capital Advisors LLC boosted its stake in shares of Schwab Mortgage-Backed Securities ETF by 165.3% during the 3rd quarter. Aptus Capital Advisors LLC now owns 1,040 shares of the company’s stock worth $27,000 after acquiring an additional 648 shares in the last quarter. Triumph Capital Management acquired a new position in shares of Schwab Mortgage-Backed Securities ETF in the 3rd quarter worth $31,000. Bank of America Corp DE raised its position in shares of Schwab Mortgage-Backed Securities ETF by 372.6% during the third quarter. Bank of America Corp DE now owns 1,706 shares of the company’s stock worth $44,000 after purchasing an additional 1,345 shares during the period. Wells Fargo & Company MN raised its position in shares of Schwab Mortgage-Backed Securities ETF by 451.1% during the fourth quarter. Wells Fargo & Company MN now owns 1,736 shares of the company’s stock worth $45,000 after purchasing an additional 1,421 shares during the period. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Schwab Mortgage-Backed Securities ETF during the second quarter valued at $49,000.
Schwab Mortgage-Backed Securities ETF Stock Up 0.3%
SMBS stock traded up $0.08 on Thursday, hitting $25.54. 801,433 shares of the company’s stock traded hands, compared to its average volume of 724,494. Schwab Mortgage-Backed Securities ETF has a 1-year low of $25.00 and a 1-year high of $26.22. The stock has a fifty day moving average of $25.41 and a 200-day moving average of $25.61.
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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