Schwab High Yield Bond ETF (NYSEARCA:SCYB) Sees Significant Decline in Short Interest

Schwab High Yield Bond ETF (NYSEARCA:SCYB) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 45,939 shares, a drop of 41.8% from the July 15th total of 78,925 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 1,021,284 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. lifted its holdings in 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 buying an additional 786 shares during the period. Kestra Advisory Services LLC purchased a new position in shares of Schwab High Yield Bond ETF during the fourth quarter valued at approximately $33,000. Arax Advisory Partners purchased a new position in shares of Schwab High Yield Bond ETF during the fourth quarter valued at approximately $39,000. Howe & Rusling Inc. raised its holdings in shares of Schwab High Yield Bond ETF by 367.1% during the fourth quarter. Howe & Rusling Inc. now owns 2,074 shares of the company’s stock valued at $55,000 after acquiring an additional 1,630 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of Schwab High Yield Bond ETF during the fourth quarter valued at approximately $88,000.

Schwab High Yield Bond ETF Trading Up 0.2%

Shares of SCYB stock traded up $0.06 during mid-day trading on Wednesday, reaching $26.06. The stock had a trading volume of 192,718 shares, compared to its average volume of 1,182,952. The firm has a market capitalization of $2.76 billion, a PE ratio of 60.28 and a beta of 0.27. The stock’s 50-day moving average price is $26.07 and its two-hundred day moving average price is $26.17. Schwab High Yield Bond ETF has a 52-week low of $25.70 and a 52-week high of $26.78.

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.