Schwab Municipal Bond ETF (NYSEARCA:SCMB) Short Interest Update

Schwab Municipal Bond ETF (NYSEARCA:SCMB) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 945,232 shares, a growth of 351.5% from the August 31st total of 209,348 shares. Based on an average trading volume of 5,724,490 shares, the short-interest ratio is presently 0.2 days. Currently, 0.7% of the company’s shares are short sold.

Schwab Municipal Bond ETF Trading Down 0.4%

Shares of SCMB traded down $0.09 during midday trading on Friday, hitting $24.13. The stock had a trading volume of 1,019,571 shares, compared to its average volume of 1,678,908. The stock’s 50 day moving average is $25.10 and its 200 day moving average is $25.45. Schwab Municipal Bond ETF has a 1 year low of $24.07 and a 1 year high of $26.20.

Institutional Trading of Schwab Municipal Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC purchased a new position in shares of Schwab Municipal Bond ETF during the second quarter valued at approximately $50,000. Root Financial Partners LLC lifted its stake in shares of Schwab Municipal Bond ETF by 184.2% during the 4th quarter. Root Financial Partners LLC now owns 3,069 shares of the company’s stock worth $79,000 after acquiring an additional 1,989 shares during the last quarter. Clearstead Advisors LLC lifted its stake in shares of Schwab Municipal Bond ETF by 1,818.2% during the 4th quarter. Clearstead Advisors LLC now owns 3,261 shares of the company’s stock worth $84,000 after acquiring an additional 3,091 shares during the last quarter. Friedenthal Financial bought a new stake in shares of Schwab Municipal Bond ETF during the 1st quarter worth approximately $133,000. Finally, Integrity Investment Advisors LLC purchased a new position in Schwab Municipal Bond ETF during the 4th quarter valued at $212,000.

Schwab Municipal Bond ETF Company Profile

The Schwab Municipal Bond ETF (SCMB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of USD-denominated, investment grade tax-exempt debt, issued by US states and territories with varying maturities. SCMB was launched on Oct 12, 2022 and is managed by Charles Schwab.