Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) Short Interest Up 28.3% in March

Schwab Mortgage-Backed Securities ETF (NYSEARCA:SMBS) was the target of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 15,342 shares, an increase of 28.3% from the February 26th total of 11,954 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 601,689 shares, the short-interest ratio is currently 0.0 days.

Schwab Mortgage-Backed Securities ETF Stock Performance

Shares of SMBS stock opened at $25.36 on Monday. The firm has a fifty day moving average price of $25.76 and a 200 day moving average price of $25.75. Schwab Mortgage-Backed Securities ETF has a 12 month low of $24.65 and a 12 month high of $26.22.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. acquired a new stake in shares of Schwab Mortgage-Backed Securities ETF during the 2nd quarter worth about $3,613,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Schwab Mortgage-Backed Securities ETF during the second quarter worth approximately $49,000. Lido Advisors LLC acquired a new position in Schwab Mortgage-Backed Securities ETF in the second quarter valued at approximately $471,000. NewEdge Advisors LLC purchased a new position in Schwab Mortgage-Backed Securities ETF in the second quarter valued at approximately $117,000. Finally, Raymond James Financial Inc. purchased a new position in Schwab Mortgage-Backed Securities ETF in the second quarter valued at approximately $104,000.

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.