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 31st, there was short interest totaling 45,939 shares, a drop of 41.8% from the July 15th total of 78,925 shares. Based on an average trading volume of 1,021,284 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.
Hedge Funds Weigh In On Schwab High Yield Bond ETF
A number of large investors have recently made changes to their positions in the stock. 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. Cornerstone Enterprises LLC purchased a new position in Schwab High Yield Bond ETF in the 4th quarter valued at approximately $15,389,000. Charles Schwab Trust Co raised its holdings in Schwab High Yield Bond ETF by 0.8% during the second quarter. Charles Schwab Trust Co now owns 509,261 shares of the company’s stock worth $13,332,000 after purchasing an additional 3,814 shares during the last quarter. Dahring Cusmano LLC boosted its position in Schwab High Yield Bond ETF by 7.2% during the first quarter. Dahring Cusmano LLC now owns 346,378 shares of the company’s stock worth $9,006,000 after purchasing an additional 23,209 shares in the last quarter. Finally, Strategic Financial Planning Inc. grew its holdings in Schwab High Yield Bond ETF by 3.9% in the fourth quarter. Strategic Financial Planning Inc. now owns 237,534 shares of the company’s stock valued at $6,276,000 after purchasing an additional 8,828 shares during the last quarter.
Schwab High Yield Bond ETF Trading Down 0.1%
Shares of Schwab High Yield Bond ETF stock traded down $0.02 on Tuesday, reaching $26.00. 966,609 shares of the stock were exchanged, compared to its average volume of 1,189,736. The business has a fifty day moving average price of $26.07 and a two-hundred day moving average price of $26.17. Schwab High Yield Bond ETF has a 1-year low of $25.70 and a 1-year high of $26.78. The firm has a market capitalization of $2.76 billion, a PE ratio of 60.28 and a beta of 0.27.
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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