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

Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) saw a large growth in short interest during 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 volume of 578,131 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the shares of the stock are sold short.

Schwab Mortgage-Backed Securities ETF Stock Down 0.1%

SMBS stock traded down $0.03 on Friday, hitting $25.20. 440,012 shares of the company’s 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 stock has a fifty day moving average of $25.34 and a 200-day moving average of $25.58.

Institutional Investors Weigh In On Schwab Mortgage-Backed Securities ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. bought a new stake in shares of Schwab Mortgage-Backed Securities ETF during the 2nd quarter worth $3,613,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Schwab Mortgage-Backed Securities ETF during the second quarter worth $49,000. NewEdge Advisors LLC acquired a new stake in shares of Schwab Mortgage-Backed Securities ETF during the second quarter worth $117,000. Raymond James Financial Inc. purchased a new stake in shares of Schwab Mortgage-Backed Securities ETF during the second quarter valued at $104,000. Finally, Jane Street Group LLC lifted its holdings in shares of Schwab Mortgage-Backed Securities ETF by 349.1% during the second quarter. Jane Street Group LLC now owns 73,568 shares of the company’s stock valued at $1,874,000 after purchasing an additional 57,186 shares during 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.