Short Interest in Schwab High Yield Bond ETF (NYSEARCA:SCYB) Decreases By 62.0%

Schwab High Yield Bond ETF (NYSEARCA:SCYB) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 86,472 shares, a decline of 62.0% from the March 15th total of 227,300 shares. Based on an average trading volume of 1,309,209 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Schwab High Yield Bond ETF Trading Up 0.3%

SCYB traded up $0.09 on Monday, hitting $26.25. 975,465 shares of the stock traded hands, compared to its average volume of 1,238,968. Schwab High Yield Bond ETF has a 52 week low of $25.33 and a 52 week high of $26.78. The firm has a market capitalization of $2.40 billion, a PE ratio of 60.28 and a beta of 0.31. The business has a fifty day moving average price of $26.23 and a two-hundred day moving average price of $26.40.

Schwab High Yield Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were paid a dividend of $0.1449 per share. This represents a c) annualized dividend and a yield of 6.6%. The ex-dividend date was Monday, March 2nd.

Hedge Funds Weigh In On Schwab High Yield Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in SCYB. World Investment Advisors boosted its holdings in Schwab High Yield Bond ETF by 12.4% during the fourth quarter. World Investment Advisors now owns 60,164 shares of the company’s stock valued at $1,590,000 after purchasing an additional 6,642 shares in the last quarter. Corient Private Wealth LLC acquired a new stake in Schwab High Yield Bond ETF during the fourth quarter valued at approximately $420,000. Mercer Global Advisors Inc. ADV boosted its holdings in Schwab High Yield Bond ETF by 37.8% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 16,471 shares of the company’s stock valued at $435,000 after purchasing an additional 4,517 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in Schwab High Yield Bond ETF during the fourth quarter valued at approximately $518,000. Finally, Strategic Financial Planning Inc. boosted its holdings in Schwab High Yield Bond ETF by 3.9% during 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 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.