Schwab Municipal Bond ETF (NYSEARCA:SCMB) Short Interest Update

Schwab Municipal Bond ETF (NYSEARCA:SCMB) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 237,173 shares, a drop of 34.9% from the June 30th total of 364,434 shares. Based on an average daily volume of 872,105 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Investors Weigh In On Schwab Municipal Bond ETF

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

Schwab Municipal Bond ETF Stock Performance

Shares of SCMB remained flat at $25.33 during trading hours on Friday. 1,055,152 shares of the stock were exchanged, compared to its average volume of 1,249,180. The stock has a 50-day moving average of $25.63 and a two-hundred day moving average of $25.72. Schwab Municipal Bond ETF has a 1 year low of $24.95 and a 1 year high of $26.20.

Schwab Municipal Bond ETF Company Profile

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.