Schwab High Yield Bond ETF (NYSEARCA:SCYB – Get Free Report) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 174,991 shares, an increase of 835.0% from the June 15th total of 18,715 shares. Based on an average trading volume of 1,307,796 shares, the short-interest ratio is currently 0.1 days. Approximately 0.2% of the shares of the stock are sold short.
Institutional Investors Weigh In On Schwab High Yield Bond ETF
Several institutional investors and hedge funds have recently bought and sold shares of the company. Tidal Investments LLC raised its position in shares of Schwab High Yield Bond ETF by 65.6% in the 2nd quarter. Tidal Investments LLC now owns 1,647,085 shares of the company’s stock valued at $43,450,000 after buying an additional 652,496 shares in the last quarter. Cornerstone Enterprises LLC acquired a new stake in shares of Schwab High Yield Bond ETF during the 4th quarter worth approximately $15,389,000. Charles Schwab Trust Co increased its stake in Schwab High Yield Bond ETF by 0.8% in the second quarter. Charles Schwab Trust Co now owns 509,261 shares of the company’s stock valued at $13,332,000 after acquiring an additional 3,814 shares during the last quarter. Dahring Cusmano LLC increased its stake in Schwab High Yield Bond ETF by 7.2% in the first quarter. Dahring Cusmano LLC now owns 346,378 shares of the company’s stock valued at $9,006,000 after acquiring an additional 23,209 shares during the last quarter. Finally, Strategic Financial Planning Inc. increased its stake in Schwab High Yield Bond ETF by 3.9% in the fourth quarter. Strategic Financial Planning Inc. now owns 237,534 shares of the company’s stock valued at $6,276,000 after acquiring an additional 8,828 shares during the last quarter.
Schwab High Yield Bond ETF Trading Down 0.1%
NYSEARCA SCYB traded down $0.03 during midday trading on Friday, hitting $26.07. The company had a trading volume of 1,115,352 shares, compared to its average volume of 1,228,727. The firm has a 50-day moving average price of $26.14 and a 200-day moving average price of $26.27. The company has a market capitalization of $2.66 billion, a PE ratio of 60.28 and a beta of 0.27. Schwab High Yield Bond ETF has a twelve month low of $25.70 and a twelve month high of $26.78.
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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