Short Interest in Schwab High Yield Bond ETF (NYSEARCA:SCYB) Declines By 41.8%

Schwab High Yield Bond ETF (NYSEARCA:SCYB) was the recipient of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 45,939 shares, a decrease of 41.8% from the July 15th total of 78,925 shares. Based on an average daily volume of 1,021,284 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. OMNI 360 Wealth Inc. lifted its position in shares of Schwab High Yield Bond ETF by 1.9% during the fourth quarter. OMNI 360 Wealth Inc. now owns 26,553 shares of the company’s stock worth $706,000 after purchasing an additional 503 shares in the last quarter. Bogart Wealth LLC boosted its stake in shares of Schwab High Yield Bond ETF by 1.9% in the fourth quarter. Bogart Wealth LLC now owns 29,008 shares of the company’s stock valued at $766,000 after purchasing an additional 532 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Schwab High Yield Bond ETF by 344.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,014 shares of the company’s stock valued at $27,000 after purchasing an additional 786 shares in the last quarter. Creative Financial Designs Inc. ADV grew its holdings in shares of Schwab High Yield Bond ETF by 8.4% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 10,554 shares of the company’s stock valued at $279,000 after purchasing an additional 816 shares in the last quarter. Finally, Osaic Holdings Inc. increased its stake in Schwab High Yield Bond ETF by 15.1% during the 2nd quarter. Osaic Holdings Inc. now owns 7,579 shares of the company’s stock worth $201,000 after buying an additional 992 shares during the period.

Schwab High Yield Bond ETF Price Performance

Shares of SCYB stock opened at $26.05 on Monday. The firm’s 50-day moving average is $26.07 and its two-hundred day moving average is $26.18. 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 $2.76 billion, a PE ratio of 60.28 and a beta of 0.27.

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.