Short Interest in Schwab High Yield Bond ETF (NYSEARCA:SCYB) Drops By 96.7%

Schwab High Yield Bond ETF (NYSEARCA:SCYB) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 18,715 shares, a drop of 96.7% from the May 31st total of 573,720 shares. Based on an average daily volume of 1,559,768 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Hedge Funds Weigh In On Schwab High Yield Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE increased its stake in Schwab High Yield Bond ETF by 13.5% during the first quarter. Bank of America Corp DE now owns 70,710 shares of the company’s stock worth $1,838,000 after purchasing an additional 8,427 shares during the period. Empowered Funds LLC lifted its holdings in Schwab High Yield Bond ETF by 12.8% during the 1st quarter. Empowered Funds LLC now owns 70,823 shares of the company’s stock worth $1,831,000 after buying an additional 8,019 shares in the last quarter. Dahring Cusmano LLC grew its stake in shares of Schwab High Yield Bond ETF by 7.2% in the first quarter. Dahring Cusmano LLC now owns 346,378 shares of the company’s stock worth $9,006,000 after acquiring an additional 23,209 shares in the last quarter. Wealthgarden F.S. LLC purchased a new stake in shares of Schwab High Yield Bond ETF during the first quarter worth $412,000. Finally, Carnegie Investment Counsel raised its stake in shares of Schwab High Yield Bond ETF by 14.4% in the first quarter. Carnegie Investment Counsel now owns 27,963 shares of the company’s stock valued at $727,000 after acquiring an additional 3,514 shares in the last quarter.

Schwab High Yield Bond ETF Price Performance

NYSEARCA:SCYB remained flat at $26.16 during trading hours on Friday. The company’s stock had a trading volume of 706,732 shares, compared to its average volume of 1,222,574. Schwab High Yield Bond ETF has a one year low of $25.70 and a one year high of $26.78. The stock has a fifty day simple moving average of $26.19 and a 200-day simple moving average of $26.29. The stock has a market cap of $2.43 billion, a P/E ratio of 60.28 and a beta of 0.27.

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.