Schwab High Yield Bond ETF (NYSEARCA:SCYB – Get Free Report) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 192,671 shares, a growth of 993.8% from the September 15th total of 17,615 shares. Based on an average daily trading volume, of 1,059,921 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the company’s stock are sold short.
Schwab High Yield Bond ETF Price Performance
NYSEARCA:SCYB traded up $0.01 on Friday, hitting $25.20. 854,555 shares of the company’s stock were exchanged, compared to its average volume of 1,164,486. The firm has a 50-day moving average price of $25.74 and a 200-day moving average price of $25.99. Schwab High Yield Bond ETF has a 52 week low of $24.91 and a 52 week high of $26.72. The company has a market cap of $2.78 billion, a P/E ratio of 60.28 and a beta of 0.28.
Institutional Trading of Schwab High Yield Bond ETF
Several institutional investors and hedge funds have recently bought and sold shares of SCYB. FF Advisors LLC bought a new stake in Schwab High Yield Bond ETF during the fourth quarter worth $1,156,000. IFC & Insurance Marketing Inc. bought a new position in shares of Schwab High Yield Bond ETF in the 1st quarter valued at about $1,990,000. Windsor Advisory Group LLC acquired a new position in shares of Schwab High Yield Bond ETF during the 4th quarter worth about $575,000. Brookstone Capital Management lifted its stake in Schwab High Yield Bond ETF by 285.1% in the 1st quarter. Brookstone Capital Management now owns 42,122 shares of the company’s stock valued at $1,095,000 after purchasing an additional 31,185 shares during the last quarter. Finally, Dahring Cusmano LLC grew 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 worth $9,006,000 after purchasing an additional 23,209 shares during the period.
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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