Schwab High Yield Bond ETF (NYSEARCA:SCYB – Get Free Report) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 174,118 shares, an increase of 279.0% from the July 30th total of 45,939 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 911,538 shares, the days-to-cover ratio is currently 0.2 days.
Schwab High Yield Bond ETF Stock Performance
NYSEARCA SCYB traded down $0.04 during trading on Friday, hitting $26.06. The stock had a trading volume of 1,030,317 shares, compared to its average volume of 1,170,792. The company has a market capitalization of $2.76 billion, a PE ratio of 60.28 and a beta of 0.27. The company’s 50-day moving average price is $26.05 and its two-hundred day moving average price is $26.15. Schwab High Yield Bond ETF has a 12 month low of $25.70 and a 12 month high of $26.78.
Institutional Trading of Schwab High Yield Bond ETF
A number of institutional investors have recently made changes to their positions in SCYB. Flow Traders U.S. LLC bought a new position in Schwab High Yield Bond ETF in the second quarter valued at $350,000. Bank of America Corp DE boosted its stake in shares of Schwab High Yield Bond ETF by 419.3% during the 2nd quarter. Bank of America Corp DE now owns 52,007 shares of the company’s stock worth $1,380,000 after buying an additional 41,992 shares during the last quarter. Tidal Investments LLC boosted its stake in shares of Schwab High Yield Bond ETF by 65.6% during the 2nd 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 during the last quarter. Captrust Financial Advisors bought a new position in shares of Schwab High Yield Bond ETF in the 2nd quarter valued at about $223,000. Finally, Osaic Holdings Inc. grew its holdings in shares of Schwab High Yield Bond ETF by 15.1% in the 2nd quarter. Osaic Holdings Inc. now owns 7,579 shares of the company’s stock valued at $201,000 after acquiring an additional 992 shares in the last quarter.
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.
Featured Articles
- Five stocks we like better than Schwab High Yield Bond ETF
- 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole
- IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings
- Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude?
- Okta Stock Surges 29%—Is $200 the Next Stop?
Receive News & Ratings for Schwab High Yield Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schwab High Yield Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.
