Schwab High Yield Bond ETF (NYSEARCA:SCYB) Short Interest Update

Schwab High Yield Bond ETF (NYSEARCA:SCYB) was the recipient of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 429,927 shares, a growth of 304.7% from the February 12th total of 106,244 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average trading volume of 1,107,137 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 1,107,137 shares, the short-interest ratio is presently 0.4 days. Currently, 0.5% of the shares of the company are short sold.

Schwab High Yield Bond ETF Stock Down 0.6%

Shares of SCYB traded down $0.16 during midday trading on Thursday, reaching $25.98. 1,585,447 shares of the stock were exchanged, compared to its average volume of 1,207,999. The stock’s 50 day simple moving average is $26.47 and its 200 day simple moving average is $26.50. The company has a market cap of $2.22 billion, a P/E ratio of 60.28 and a beta of 0.32. Schwab High Yield Bond ETF has a twelve month low of $24.73 and a twelve month high of $26.78.

Schwab High Yield Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were given a dividend of $0.1449 per share. This represents a c) annualized dividend and a yield of 6.7%. The ex-dividend date was Monday, March 2nd.

Institutional Trading of Schwab High Yield Bond ETF

Several large investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Schwab High Yield Bond ETF by 344.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,014 shares of the company’s stock worth $27,000 after buying an additional 786 shares in the last quarter. Howe & Rusling Inc. increased its stake in shares of Schwab High Yield Bond ETF by 650.7% in the 2nd quarter. Howe & Rusling Inc. now owns 1,066 shares of the company’s stock valued at $28,000 after acquiring 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 valued at $29,000. Kestra Advisory Services LLC bought a new position in Schwab High Yield Bond ETF during the fourth quarter worth $33,000. Finally, Arax Advisory Partners bought a new position in Schwab High Yield Bond ETF during the fourth quarter worth $39,000.

Schwab High Yield Bond ETF Company Profile

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.