Schwab High Yield Bond ETF (NYSEARCA:SCYB – Get Free Report) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 78,925 shares, a drop of 54.9% from the June 30th total of 174,991 shares. Based on an average daily volume of 1,235,066 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.
Schwab High Yield Bond ETF Price Performance
Shares of Schwab High Yield Bond ETF stock traded up $0.07 during trading on Thursday, hitting $25.98. The stock had a trading volume of 425,616 shares, compared to its average volume of 1,211,361. The firm has a market cap of $2.72 billion, a P/E ratio of 60.28 and a beta of 0.27. The business has a fifty day moving average of $26.11 and a two-hundred day moving average of $26.23. Schwab High Yield Bond ETF has a fifty-two week low of $25.70 and a fifty-two week high of $26.78.
Institutional Investors Weigh In On Schwab High Yield Bond ETF
Institutional investors and hedge funds have recently bought and sold shares of the business. Flow Traders U.S. LLC acquired a new position in shares of Schwab High Yield Bond ETF in the 2nd quarter worth approximately $350,000. Bank of America Corp DE lifted its stake in Schwab High Yield Bond ETF by 419.3% during the second quarter. Bank of America Corp DE now owns 52,007 shares of the company’s stock valued at $1,380,000 after purchasing an additional 41,992 shares during the last quarter. Tidal Investments LLC boosted its holdings in Schwab High Yield Bond ETF by 65.6% during the second quarter. Tidal Investments LLC now owns 1,647,085 shares of the company’s stock worth $43,450,000 after buying an additional 652,496 shares in the last quarter. Captrust Financial Advisors bought a new stake in Schwab High Yield Bond ETF during the second quarter worth approximately $223,000. Finally, Osaic Holdings Inc. grew its position in Schwab High Yield Bond ETF by 15.1% in the second 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 last quarter.
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.
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