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Where the tokens are
| Settlement | Shares short | Average daily volume | Days to cover |
|---|---|---|---|
| Sep 15, 2026 | 1.56M | 7.41M | 1.00 |
| Aug 31, 2026 | 530.54K | 4.34M | 1.00 |
| Aug 14, 2026 | 1.2M | 5.8M | 1.00 |
| Jul 31, 2026 | 1.48M | 5.46M | 1.00 |
| Jul 15, 2026 | 1.33M | 6.75M | 1.00 |
| Jun 30, 2026 | 1.26M | 10.59M | 1.00 |
| Jun 15, 2026 | 1.67M | 4.66M | 1.00 |
| May 29, 2026 | 1.54M | 3.48M | 1.00 |
| May 15, 2026 | 2.19M | 4.48M | 1.00 |
| Apr 30, 2026 | 2.33M | 5.2M | 1.00 |
| Apr 15, 2026 | 2.52M | 8.11M | 1.00 |
| Mar 31, 2026 | 1.18M | 16.02M | 1.00 |
The share of each day’s reported trading that was a short sale. This is not short interest: most of it is market makers selling short to fill buy orders and buying back within the day, so a ratio of 30–50% is ordinary for a heavily traded stock and says little about how many shares are held short overnight.
Figures describe Schwab U.S. REIT ETF - Backpack Securities shares, not any token. As of Sep 15, 2026, from exchange short-interest reports and FINRA short-sale volume, via Massive. Short sellers borrow and sell the shares themselves; token holders are not lending theirs.