Schwab High Yield Bond ETF (NYSEARCA:SCYB – Get Free Report) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 334,967 shares, an increase of 73.9% from the September 30th total of 192,671 shares. Based on an average trading volume of 1,264,664 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.3% of the shares of the stock are short sold.
Institutional Trading of Schwab High Yield Bond ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC purchased a new position in Schwab High Yield Bond ETF in the 3rd quarter worth about $297,000. StrongBox Wealth LLC acquired a new stake in Schwab High Yield Bond ETF during the 3rd quarter worth about $69,000. Commonwealth Equity Services LLC purchased a new stake in Schwab High Yield Bond ETF during the third quarter valued at about $669,000. Insight Wealth Partners LLC purchased a new stake in Schwab High Yield Bond ETF during the third quarter valued at about $384,000. Finally, Citizens Financial Group Inc. RI purchased a new stake in Schwab High Yield Bond ETF during the third quarter valued at about $713,000.
Schwab High Yield Bond ETF Trading Down 0.6%
Shares of NYSEARCA SCYB opened at $25.08 on Tuesday. Schwab High Yield Bond ETF has a twelve month low of $24.91 and a twelve month high of $26.65. The firm has a 50-day moving average of $25.47 and a two-hundred day moving average of $26.01. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 60.28 and a beta of 0.28.
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.
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