Short Interest in Schwab High Yield Bond ETF (NYSEARCA:SCYB) Declines By 54.9%

Schwab High Yield Bond ETF (NYSEARCA:SCYB) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 78,925 shares, a decrease of 54.9% from the June 30th total of 174,991 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 1,235,066 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Schwab High Yield Bond ETF

Several large investors have recently added to or reduced their stakes in SCYB. Charles Schwab Trust Co increased its stake in Schwab High Yield Bond ETF by 0.8% in 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 during the last quarter. IFC & Insurance Marketing Inc. increased its position in shares of Schwab High Yield Bond ETF by 14.0% in the second quarter. IFC & Insurance Marketing Inc. now owns 87,241 shares of the company’s stock worth $2,284,000 after purchasing an additional 10,714 shares during the last quarter. MFG Wealth Management Inc. raised its stake in Schwab High Yield Bond ETF by 7.7% in the second quarter. MFG Wealth Management Inc. now owns 150,197 shares of the company’s stock valued at $3,932,000 after purchasing an additional 10,739 shares in the last quarter. Integral Investment Advisors Inc. raised its stake in Schwab High Yield Bond ETF by 38.9% in the second quarter. Integral Investment Advisors Inc. now owns 22,729 shares of the company’s stock valued at $595,000 after purchasing an additional 6,363 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in Schwab High Yield Bond ETF by 13.5% during the first quarter. Bank of America Corp DE now owns 70,710 shares of the company’s stock valued at $1,838,000 after purchasing an additional 8,427 shares during the last quarter.

Schwab High Yield Bond ETF Trading Up 0.1%

Shares of SCYB traded up $0.02 during mid-day trading on Tuesday, reaching $25.96. 875,189 shares of the stock traded hands, compared to its average volume of 1,219,052. The firm has a fifty day moving average price of $26.11 and a 200 day moving average price of $26.23. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 60.28 and a beta of 0.27. Schwab High Yield Bond ETF has a 1 year low of $25.70 and a 1 year high of $26.78.

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.