Schwab Municipal Bond ETF (NYSEARCA:SCMB) Sees Significant Growth in Short Interest

Schwab Municipal Bond ETF (NYSEARCA:SCMB) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 201,867 shares, an increase of 62.9% from the July 30th total of 123,945 shares. Based on an average daily volume of 1,214,644 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Schwab Municipal Bond ETF Trading Down 0.2%

Shares of Schwab Municipal Bond ETF stock traded down $0.05 during trading hours on Monday, hitting $25.13. 2,519,354 shares of the company’s stock traded hands, compared to its average volume of 1,282,523. Schwab Municipal Bond ETF has a 12-month low of $25.02 and a 12-month high of $26.20. The company has a fifty day simple moving average of $25.48 and a 200-day simple moving average of $25.62.

Hedge Funds Weigh In On Schwab Municipal Bond ETF

Several institutional investors have recently added to or reduced their stakes in SCMB. Farther Finance Advisors LLC purchased a new stake in Schwab Municipal Bond ETF during the fourth quarter worth about $26,000. McIlrath & Eck LLC purchased a new position in Schwab Municipal Bond ETF in the fourth quarter valued at about $34,000. JDM Financial Group LLC purchased a new position in Schwab Municipal Bond ETF in the fourth quarter valued at about $38,000. Aptus Capital Advisors LLC grew its position in shares of Schwab Municipal Bond ETF by 742.0% during the 4th quarter. Aptus Capital Advisors LLC now owns 1,726 shares of the company’s stock valued at $44,000 after acquiring an additional 1,521 shares during the period. Finally, Brown Brothers Harriman & Co. bought a new position in shares of Schwab Municipal Bond ETF during the 4th quarter valued at approximately $69,000.

About Schwab Municipal Bond ETF

The Schwab Municipal Bond ETF (SCMB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of USD-denominated, investment grade tax-exempt debt, issued by US states and territories with varying maturities. SCMB was launched on Oct 12, 2022 and is managed by Charles Schwab.