Schwab High Yield Bond ETF (NYSEARCA:SCYB – Get Free Report) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 319,333 shares, an increase of 88.3% from the April 15th total of 169,570 shares. Based on an average daily trading volume, of 1,105,288 shares, the short-interest ratio is currently 0.3 days. Approximately 0.3% of the company’s shares are sold short.
Institutional Trading of Schwab High Yield Bond ETF
A number of large investors have recently made changes to their positions in the company. Elm3 Financial Group LLC acquired a new position in Schwab High Yield Bond ETF in the 4th quarter worth $1,684,000. Breakthru Advisory Services LLC boosted its stake in Schwab High Yield Bond ETF by 12.8% in the 4th quarter. Breakthru Advisory Services LLC now owns 229,327 shares of the company’s stock worth $6,059,000 after purchasing an additional 26,108 shares during the period. Avior Wealth Management LLC acquired a new position in Schwab High Yield Bond ETF in the 4th quarter worth $805,000. Carnegie Investment Counsel acquired a new position in Schwab High Yield Bond ETF in the 4th quarter worth $646,000. Finally, Prevail Innovative Wealth Advisors LLC acquired a new position in Schwab High Yield Bond ETF in the 3rd quarter worth $772,000.
Schwab High Yield Bond ETF Stock Down 0.4%
Shares of SCYB traded down $0.11 during trading hours on Friday, reaching $26.02. The stock had a trading volume of 896,095 shares, compared to its average volume of 1,197,520. Schwab High Yield Bond ETF has a 52 week low of $25.70 and a 52 week high of $26.78. The firm has a 50-day moving average of $26.13 and a 200 day moving average of $26.36. The company has a market cap of $2.41 billion, a P/E ratio of 60.28 and a beta of 0.28.
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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