Short Interest in Schwab High Yield Bond ETF (NYSEARCA:SCYB) Grows By 835.0%

Schwab High Yield Bond ETF (NYSEARCA:SCYB) saw a large growth in short interest in June. As of June 30th, there was short interest totaling 174,991 shares, a growth of 835.0% from the June 15th total of 18,715 shares. Based on an average daily trading volume, of 1,307,796 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the company’s shares are sold short.

Schwab High Yield Bond ETF Stock Performance

Shares of NYSEARCA:SCYB opened at $26.07 on Monday. The firm has a market cap of $2.66 billion, a PE ratio of 60.28 and a beta of 0.27. The firm’s 50 day simple moving average is $26.14 and its 200-day simple moving average is $26.27. Schwab High Yield Bond ETF has a one year low of $25.70 and a one year high of $26.78.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. OMNI 360 Wealth Inc. lifted its holdings in shares of Schwab High Yield Bond ETF by 1.9% in the 4th quarter. OMNI 360 Wealth Inc. now owns 26,553 shares of the company’s stock worth $706,000 after buying an additional 503 shares during the period. Bogart Wealth LLC increased its stake in shares of Schwab High Yield Bond ETF by 1.9% during the fourth quarter. Bogart Wealth LLC now owns 29,008 shares of the company’s stock valued at $766,000 after buying an additional 532 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Schwab High Yield Bond ETF by 344.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,014 shares of the company’s stock valued at $27,000 after buying an additional 786 shares during the period. Creative Financial Designs Inc. ADV increased its stake in shares of Schwab High Yield Bond ETF by 8.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 10,554 shares of the company’s stock valued at $279,000 after buying an additional 816 shares during the period. Finally, WealthBridge Capital Management LLC raised its holdings in shares of Schwab High Yield Bond ETF by 5.1% in the fourth quarter. WealthBridge Capital Management LLC now owns 18,611 shares of the company’s stock valued at $492,000 after acquiring an additional 910 shares in the last quarter.

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.