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

Schwab Municipal Bond ETF (NYSEARCA:SCMB) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 945,232 shares, an increase of 351.5% from the August 31st total of 209,348 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average trading volume of 5,724,490 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Breakwater Capital Group lifted its stake in shares of Schwab Municipal Bond ETF by 4.4% in the 1st quarter. Breakwater Capital Group now owns 9,759 shares of the company’s stock valued at $249,000 after purchasing an additional 413 shares during the last quarter. Kestra Advisory Services LLC increased its position in shares of Schwab Municipal Bond ETF by 2.0% during the 1st quarter. Kestra Advisory Services LLC now owns 31,893 shares of the company’s stock valued at $813,000 after purchasing an additional 611 shares during the last quarter. Golden Bell Financial Planning LLC increased its position in shares of Schwab Municipal Bond ETF by 4.7% during the 1st quarter. Golden Bell Financial Planning LLC now owns 17,968 shares of the company’s stock valued at $458,000 after purchasing an additional 806 shares during the last quarter. Continuum Advisory LLC increased its position in shares of Schwab Municipal Bond ETF by 6.0% during the 2nd quarter. Continuum Advisory LLC now owns 15,908 shares of the company’s stock valued at $411,000 after purchasing an additional 903 shares during the last quarter. Finally, Harbour Investments Inc. raised its holdings in Schwab Municipal Bond ETF by 8.6% during the 4th quarter. Harbour Investments Inc. now owns 11,873 shares of the company’s stock valued at $306,000 after buying an additional 944 shares during the period.

Schwab Municipal Bond ETF Price Performance

Shares of Schwab Municipal Bond ETF stock traded down $0.09 during trading hours on Friday, hitting $24.13. The company’s stock had a trading volume of 1,019,571 shares, compared to its average volume of 1,678,908. The business has a 50 day moving average price of $25.10 and a two-hundred day moving average price of $25.45. Schwab Municipal Bond ETF has a 12-month low of $24.07 and a 12-month high of $26.20.

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.