Schwab High Yield Bond ETF (NYSEARCA:SCYB) Stock Short Interest Falls 91.0%

Schwab High Yield Bond ETF (NYSEARCA:SCYB) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 17,615 shares, a decrease of 91.0% from the August 31st total of 195,975 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 1,101,303 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SCYB. IFC & Insurance Marketing Inc. bought a new stake in Schwab High Yield Bond ETF during the 1st quarter valued at $1,990,000. Prairiewood Capital LLC purchased a new position in shares of Schwab High Yield Bond ETF during the first quarter valued at $1,531,000. Principia Wealth Advisory LLC increased its stake in shares of Schwab High Yield Bond ETF by 40.2% during the fourth quarter. Principia Wealth Advisory LLC now owns 165,725 shares of the company’s stock valued at $4,378,000 after buying an additional 47,515 shares during the period. Harbour Investments Inc. raised its holdings in shares of Schwab High Yield Bond ETF by 141.2% in the fourth quarter. Harbour Investments Inc. now owns 75,756 shares of the company’s stock valued at $2,001,000 after acquiring an additional 44,353 shares in the last quarter. Finally, FF Advisors LLC purchased a new stake in Schwab High Yield Bond ETF in the fourth quarter worth about $1,156,000.

Schwab High Yield Bond ETF Price Performance

Shares of NYSEARCA:SCYB traded down $0.09 during trading on Thursday, reaching $25.45. 1,328,300 shares of the company were exchanged, compared to its average volume of 1,156,312. The business’s fifty day simple moving average is $25.91 and its 200-day simple moving average is $26.05. Schwab High Yield Bond ETF has a 12-month low of $25.44 and a 12-month high of $26.74. The firm has a market capitalization of $2.81 billion, a PE ratio of 60.28 and a beta of 0.27.

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.