Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS – Get Free Report) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totaling 138,393 shares, a drop of 68.0% from the September 30th total of 432,706 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,694,256 shares, the short-interest ratio is currently 0.1 days.
Schwab Mortgage-Backed Securities ETF Stock Performance
SMBS traded up $0.05 on Thursday, reaching $24.53. 1,472,827 shares of the company’s stock were exchanged, compared to its average volume of 841,373. Schwab Mortgage-Backed Securities ETF has a twelve month low of $23.80 and a twelve month high of $26.12. The stock’s fifty day moving average price is $24.47 and its 200-day moving average price is $25.22.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. One Way Holdings LLC purchased a new stake in shares of Schwab Mortgage-Backed Securities ETF in the third quarter valued at approximately $1,214,000. Cliftonlarsonallen Wealth Advisors LLC acquired a new position in Schwab Mortgage-Backed Securities ETF during the third quarter worth $1,272,000. Chapin Davis Inc. acquired a new position in Schwab Mortgage-Backed Securities ETF during the third quarter worth $305,000. CoreCap Advisors LLC grew its holdings in Schwab Mortgage-Backed Securities ETF by 382.2% in the 3rd quarter. CoreCap Advisors LLC now owns 15,137 shares of the company’s stock valued at $363,000 after buying an additional 11,998 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC purchased a new stake in Schwab Mortgage-Backed Securities ETF in the 3rd quarter valued at $416,000.
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.
Further Reading
- Five stocks we like better than Schwab Mortgage-Backed Securities ETF
- Phillips 66 Posts Strong Earnings But the Stock Doesn’t Care
- NXP Semiconductors Falls After Strong Earnings—Is the Sell-Off Overdone?
- GE Vernova’s Reservations Are Turning Into Real Orders—But the Market Still Wants More.
- Where’s the Beef? Trian-Led Buyout Proposal Values Wendy’s at $1.4B, But Is It Enough?
Receive News & Ratings for Schwab Mortgage-Backed Securities ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schwab Mortgage-Backed Securities ETF and related companies with MarketBeat.com's FREE daily email newsletter.
