Schwab High Yield Bond ETF (NYSEARCA:SCYB – Get Free Report) saw a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 174,118 shares, an increase of 279.0% from the July 30th total of 45,939 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 911,538 shares, the short-interest ratio is presently 0.2 days.
Schwab High Yield Bond ETF Price Performance
Shares of NYSEARCA SCYB opened at $26.10 on Thursday. Schwab High Yield Bond ETF has a 12-month low of $25.70 and a 12-month high of $26.78. The company has a market capitalization of $2.77 billion, a PE ratio of 60.28 and a beta of 0.27. The firm’s 50-day moving average is $26.05 and its two-hundred day moving average is $26.15.
Institutional Investors Weigh In On Schwab High Yield Bond ETF
Institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. increased its position in Schwab High Yield Bond ETF by 344.7% during the fourth 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 in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Schwab High Yield Bond ETF in the fourth quarter worth $33,000. Arax Advisory Partners purchased a new stake in shares of Schwab High Yield Bond ETF in the fourth quarter valued at $39,000. Howe & Rusling Inc. lifted its position in shares of Schwab High Yield Bond ETF by 367.1% in 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 purchased a new stake in shares of Schwab High Yield Bond ETF in the fourth quarter valued at $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.
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