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

Schwab High Yield Bond ETF (NYSEARCA:SCYB) saw a significant decline in short interest in July. As of July 15th, there was short interest totaling 78,925 shares, a decline of 54.9% from the June 30th total of 174,991 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 1,235,066 shares, the short-interest ratio is currently 0.1 days.

Schwab High Yield Bond ETF Trading Up 0.1%

NYSEARCA SCYB traded up $0.02 during trading hours on Tuesday, hitting $25.96. The company’s stock had a trading volume of 875,189 shares, compared to its average volume of 1,219,052. The company has a market capitalization of $2.72 billion, a PE ratio of 60.28 and a beta of 0.27. Schwab High Yield Bond ETF has a 52 week low of $25.70 and a 52 week high of $26.78. The company’s 50-day simple moving average is $26.11 and its two-hundred day simple moving average is $26.23.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. lifted its position 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 valued at $27,000 after buying an additional 786 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in Schwab High Yield Bond ETF in the 4th quarter valued at about $33,000. Arax Advisory Partners bought a new stake in Schwab High Yield Bond ETF in the 4th quarter valued at about $39,000. Howe & Rusling Inc. lifted its holdings in 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 purchasing an additional 1,630 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Schwab High Yield Bond ETF during the fourth quarter valued at about $88,000.

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.