Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS – Get Free Report) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 541,518 shares, a growth of 8,587.9% from the May 14th total of 6,233 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 709,383 shares, the days-to-cover ratio is presently 0.8 days.
Schwab Mortgage-Backed Securities ETF Stock Performance
Shares of SMBS stock opened at $25.26 on Thursday. The firm has a fifty day simple moving average of $25.45 and a 200-day simple moving average of $25.64. Schwab Mortgage-Backed Securities ETF has a twelve month low of $25.00 and a twelve month high of $26.22.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. bought a new position in shares of Schwab Mortgage-Backed Securities ETF in the 2nd quarter worth about $3,613,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Schwab Mortgage-Backed Securities ETF in the 2nd quarter worth about $49,000. NewEdge Advisors LLC bought a new position in shares of Schwab Mortgage-Backed Securities ETF in the 2nd quarter worth about $117,000. Raymond James Financial Inc. bought a new position in shares of Schwab Mortgage-Backed Securities ETF in the 2nd quarter worth about $104,000. Finally, Jane Street Group LLC lifted its position in shares of 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 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.
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