Short Interest in Schwab High Yield Bond ETF (NYSEARCA:SCYB) Declines By 14.7%

Schwab High Yield Bond ETF (NYSEARCA:SCYB) was the recipient of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 106,244 shares, a decline of 14.7% from the January 29th total of 124,569 shares. Based on an average daily volume of 1,252,678 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 1,252,678 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Schwab High Yield Bond ETF by 344.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,014 shares of the company’s stock worth $27,000 after purchasing an additional 786 shares during the period. Howe & Rusling Inc. increased 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 buying an additional 924 shares during the last quarter. AlphaCore Capital LLC bought a new position in Schwab High Yield Bond ETF in the third quarter worth approximately $29,000. Kestra Advisory Services LLC purchased a new position in shares of Schwab High Yield Bond ETF during the 4th quarter worth $33,000. Finally, Arax Advisory Partners bought a new stake in shares of Schwab High Yield Bond ETF during the 4th quarter valued at $39,000.

Schwab High Yield Bond ETF Trading Up 0.3%

NYSEARCA:SCYB traded up $0.07 during trading hours on Wednesday, reaching $26.32. The company had a trading volume of 918,614 shares, compared to its average volume of 1,173,954. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 60.28 and a beta of 0.32. The firm’s 50 day moving average price is $26.51 and its 200-day moving average price is $26.51. Schwab High Yield Bond ETF has a 52 week low of $24.73 and a 52 week high of $26.78.

Schwab High Yield Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 6th. Investors of record on Monday, March 2nd will be issued a $0.1449 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 6.6%.

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.