Schwab High Yield Bond ETF (NYSEARCA:SCYB) Short Interest Update

Schwab High Yield Bond ETF (NYSEARCA:SCYB) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totaling 209,448 shares, a growth of 38.3% from the November 30th total of 151,446 shares. Based on an average daily volume of 799,302 shares, the short-interest ratio is currently 0.3 days. Approximately 0.3% of the company’s stock are short sold. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 799,302 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Schwab High Yield Bond ETF

Institutional investors have recently bought and sold shares of the company. Howe & Rusling Inc. grew its stake in Schwab High Yield Bond ETF by 650.7% in the second quarter. Howe & Rusling Inc. now owns 1,066 shares of the company’s stock valued at $28,000 after purchasing an additional 924 shares in the last quarter. AlphaCore Capital LLC purchased a new stake in shares of Schwab High Yield Bond ETF during the 3rd quarter worth about $29,000. IFP Advisors Inc lifted its holdings in shares of Schwab High Yield Bond ETF by 67.6% during the 3rd quarter. IFP Advisors Inc now owns 5,176 shares of the company’s stock valued at $138,000 after buying an additional 2,088 shares during the last quarter. LGT Financial Advisors LLC bought a new stake in shares of Schwab High Yield Bond ETF in the 3rd quarter valued at approximately $164,000. Finally, 1620 Investment Advisors Inc. bought a new stake in shares of Schwab High Yield Bond ETF in the 3rd quarter valued at approximately $200,000.

Schwab High Yield Bond ETF Price Performance

Schwab High Yield Bond ETF stock traded up $0.04 during trading hours on Tuesday, hitting $26.47. The company had a trading volume of 738,008 shares, compared to its average volume of 612,561. Schwab High Yield Bond ETF has a fifty-two week low of $24.73 and a fifty-two week high of $26.78. The firm has a market capitalization of $1.81 billion, a P/E ratio of 60.28 and a beta of 0.32. The firm’s fifty day moving average is $26.46 and its 200-day moving average is $26.47.

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.