Schwab High Yield Bond ETF (NYSEARCA:SCYB) Short Interest Update

Schwab High Yield Bond ETF (NYSEARCA:SCYB) was the recipient of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 45,939 shares, a decrease of 41.8% from the July 15th total of 78,925 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 1,021,284 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On Schwab High Yield Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SCYB. Tidal Investments LLC boosted its holdings 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 acquiring an additional 652,496 shares during the last quarter. Cornerstone Enterprises LLC purchased a new position in Schwab High Yield Bond ETF in the fourth quarter valued at $15,389,000. Charles Schwab Trust Co boosted its stake in shares of Schwab High Yield Bond ETF by 0.8% during the 2nd quarter. Charles Schwab Trust Co now owns 509,261 shares of the company’s stock worth $13,332,000 after acquiring an additional 3,814 shares in the last quarter. Dahring Cusmano LLC grew its position in shares of Schwab High Yield Bond ETF by 7.2% during the 1st 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 period. Finally, Strategic Financial Planning Inc. grew its holdings 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 purchasing an additional 8,828 shares during the period.

Schwab High Yield Bond ETF Price Performance

Schwab High Yield Bond ETF stock opened at $26.05 on Monday. 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 market capitalization of $2.76 billion, a price-to-earnings ratio of 60.28 and a beta of 0.27. The firm has a 50-day moving average price of $26.07 and a two-hundred day moving average price of $26.18.

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.