Short Interest in Schwab High Yield Bond ETF (NYSEARCA:SCYB) Increases By 38.3%

Schwab High Yield Bond ETF (NYSEARCA:SCYB) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 209,448 shares, a growth of 38.3% from the November 30th total of 151,446 shares. Based on an average daily volume of 799,302 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.3% of the shares of the company are short sold. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 799,302 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. purchased a new stake in Schwab High Yield Bond ETF in the 1st quarter valued at approximately $262,000. OMNI 360 Wealth Inc. acquired a new stake in shares of Schwab High Yield Bond ETF in the 2nd quarter valued at approximately $668,000. Farther Finance Advisors LLC boosted its stake in shares of Schwab High Yield Bond ETF by 163,000.0% in the second quarter. Farther Finance Advisors LLC now owns 9,786 shares of the company’s stock valued at $260,000 after buying an additional 9,780 shares in the last quarter. Charles Schwab Trust Co grew its holdings in Schwab High Yield Bond ETF by 189.8% during the second quarter. Charles Schwab Trust Co now owns 384,155 shares of the company’s stock worth $10,195,000 after acquiring an additional 251,574 shares during the period. Finally, Harbour Investments Inc. raised its position in Schwab High Yield Bond ETF by 2,441.3% in the second quarter. Harbour Investments Inc. now owns 13,240 shares of the company’s stock worth $351,000 after acquiring an additional 12,719 shares in the last quarter.

Schwab High Yield Bond ETF Stock Down 0.1%

NYSEARCA:SCYB traded down $0.04 during midday trading on Wednesday, reaching $26.44. The stock had a trading volume of 865,728 shares, compared to its average volume of 613,347. The stock has a market cap of $1.81 billion, a P/E ratio of 60.28 and a beta of 0.32. Schwab High Yield Bond ETF has a 12-month low of $24.73 and a 12-month high of $26.78. The firm has a fifty day simple moving average of $26.45 and a two-hundred day simple moving average of $26.47.

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.