Schwab High Yield Bond ETF (NYSEARCA:SCYB – Get Free Report) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totaling 347,890 shares, a growth of 66.1% from the December 15th total of 209,448 shares. Based on an average trading volume of 847,993 shares, the short-interest ratio is currently 0.4 days. Currently, 0.4% of the company’s shares are sold short. Currently, 0.4% of the company’s shares are sold short. Based on an average trading volume of 847,993 shares, the short-interest ratio is currently 0.4 days.
Schwab High Yield Bond ETF Stock Up 0.1%
Shares of NYSEARCA:SCYB opened at $26.60 on Friday. Schwab High Yield Bond ETF has a 52-week low of $24.73 and a 52-week high of $26.78. The business’s 50 day moving average is $26.46 and its 200 day moving average is $26.49. The stock has a market cap of $2.13 billion, a P/E ratio of 60.28 and a beta of 0.32.
Institutional Trading of Schwab High Yield Bond ETF
Several institutional investors have recently bought and sold shares of SCYB. Howe & Rusling Inc. lifted its holdings in Schwab High Yield Bond ETF by 650.7% during the second quarter. Howe & Rusling Inc. now owns 1,066 shares of the company’s stock valued at $28,000 after purchasing an additional 924 shares in the last quarter. AlphaCore Capital LLC acquired a new position in shares of Schwab High Yield Bond ETF during the 3rd quarter worth about $29,000. IFP Advisors Inc lifted its stake in Schwab High Yield Bond ETF by 67.6% in the 3rd quarter. IFP Advisors Inc now owns 5,176 shares of the company’s stock valued at $138,000 after buying an additional 2,088 shares in the last quarter. LGT Financial Advisors LLC acquired a new stake in Schwab High Yield Bond ETF in the 3rd quarter worth about $164,000. Finally, 1620 Investment Advisors Inc. acquired a new stake in Schwab High Yield Bond ETF in the 3rd quarter worth about $200,000.
About Schwab High Yield Bond ETF
The Schwab High Yield Bond ETF (SCYB) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks an index of USD-denominated high-yield, US corporate bonds, selected and weighted based on market value. SCYB was launched on Jul 11, 2023 and is managed by Charles Schwab.
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