Short Interest in Schwab High Yield Bond ETF (NYSEARCA:SCYB) Grows By 304.7%

Schwab High Yield Bond ETF (NYSEARCA:SCYB) saw a significant growth in short interest in February. As of February 27th, there was short interest totaling 429,927 shares, a growth of 304.7% from the February 12th total of 106,244 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average trading volume of 1,107,137 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 1,107,137 shares, the short-interest ratio is presently 0.4 days. Currently, 0.5% of the company’s stock are sold short.

Schwab High Yield Bond ETF Trading Down 0.3%

SCYB stock traded down $0.07 during midday trading on Wednesday, hitting $26.12. The company’s stock had a trading volume of 1,316,748 shares, compared to its average volume of 1,191,936. The company has a market cap of $2.23 billion, a PE ratio of 60.28 and a beta of 0.32. Schwab High Yield Bond ETF has a 12 month low of $24.73 and a 12 month high of $26.78. The firm’s 50-day moving average is $26.49 and its 200-day moving average is $26.51.

Schwab High Yield Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were given a $0.1449 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date was Monday, March 2nd.

Hedge Funds Weigh In On Schwab High Yield Bond ETF

Hedge funds have recently bought and sold shares of the business. AHL Investment Management Inc. bought a new stake in shares of Schwab High Yield Bond ETF in the third quarter valued at about $555,000. WealthBridge Capital Management LLC lifted its position in shares of Schwab High Yield Bond ETF by 26.8% in the 2nd quarter. WealthBridge Capital Management LLC now owns 17,294 shares of the company’s stock worth $459,000 after purchasing an additional 3,658 shares during the period. Bennett Selby Investments LP purchased a new position in Schwab High Yield Bond ETF during the third quarter valued at approximately $773,000. Asset Allocation Strategies LLC bought a new position in Schwab High Yield Bond ETF in the third quarter worth approximately $685,000. Finally, Breakthru Advisory Services LLC purchased a new stake in Schwab High Yield Bond ETF during the third quarter worth $5,432,000.

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.