Schwab High Yield Bond ETF (NYSEARCA:SCYB – Get Free Report) was the recipient of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 17,615 shares, a drop of 91.0% from the August 31st total of 195,975 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 1,101,303 shares, the short-interest ratio is currently 0.0 days.
Schwab High Yield Bond ETF Stock Down 0.1%
NYSEARCA:SCYB traded down $0.02 during mid-day trading on Friday, reaching $25.43. The company’s stock had a trading volume of 1,209,748 shares, compared to its average volume of 1,156,608. Schwab High Yield Bond ETF has a 1 year low of $25.37 and a 1 year high of $26.74. The stock has a fifty day moving average of $25.90 and a 200-day moving average of $26.05. The firm has a market capitalization of $2.81 billion, a PE ratio of 60.28 and a beta of 0.27.
Institutional Investors Weigh In On Schwab High Yield Bond ETF
Several large investors have recently modified their holdings of the business. Charles Schwab Trust Co lifted its position in shares of Schwab High Yield Bond ETF by 0.8% in the 2nd 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 period. Dahring Cusmano LLC increased its holdings 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 valued at $9,006,000 after buying an additional 23,209 shares during the period. L2 Asset Management LLC raised its stake in Schwab High Yield Bond ETF by 3.2% in the fourth quarter. L2 Asset Management LLC now owns 229,194 shares of the company’s stock worth $6,055,000 after buying an additional 7,030 shares in the last quarter. Principia Wealth Advisory LLC raised its stake in Schwab High Yield Bond ETF by 40.2% in the fourth quarter. Principia Wealth Advisory LLC now owns 165,725 shares of the company’s stock worth $4,378,000 after buying an additional 47,515 shares in the last quarter. Finally, MFG Wealth Management Inc. lifted its holdings in Schwab High Yield Bond ETF by 7.7% during the second quarter. MFG Wealth Management Inc. now owns 150,197 shares of the company’s stock worth $3,932,000 after buying an additional 10,739 shares during the period.
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.
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