Schwab High Yield Bond ETF (NYSEARCA:SCYB) Shares Shorted: Short Interest Up 993.8% in September

Schwab High Yield Bond ETF (NYSEARCA:SCYB) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 192,671 shares, a growth of 993.8% from the September 15th total of 17,615 shares. Based on an average daily volume of 1,059,921 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are sold short.

Schwab High Yield Bond ETF Trading Up 0.0%

SCYB stock traded up $0.01 during trading on Friday, hitting $25.20. 854,555 shares of the company’s stock were exchanged, compared to its average volume of 1,164,486. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 60.28 and a beta of 0.28. Schwab High Yield Bond ETF has a 52-week low of $24.91 and a 52-week high of $26.72. The business has a 50-day moving average price of $25.74 and a two-hundred day moving average price of $25.99.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. IFC & Insurance Marketing Inc. acquired a new position in Schwab High Yield Bond ETF during the first quarter valued at approximately $1,990,000. Prairiewood Capital LLC purchased a new stake in shares of Schwab High Yield Bond ETF in the first quarter worth about $1,531,000. Elm3 Financial Group LLC grew its stake in shares of Schwab High Yield Bond ETF by 47.3% in the third quarter. Elm3 Financial Group LLC now owns 137,835 shares of the company’s stock valued at $3,479,000 after buying an additional 44,258 shares in the last quarter. FF Advisors LLC purchased a new stake in shares of Schwab High Yield Bond ETF during the 4th quarter valued at about $1,156,000. Finally, BlueSky Wealth Advisors LLC acquired a new position in Schwab High Yield Bond ETF during the 1st quarter worth approximately $1,088,000.

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.