Short Interest in Schwab High Yield Bond ETF (NYSEARCA:SCYB) Drops By 14.7%

Schwab High Yield Bond ETF (NYSEARCA:SCYB) saw a large decrease in short interest in February. As of February 13th, there was short interest totaling 106,244 shares, a decrease of 14.7% from the January 29th total of 124,569 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 1,252,678 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 1,252,678 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Schwab High Yield Bond ETF

Several institutional investors have recently bought and sold shares of the stock. Tidal Investments LLC grew its position in shares of Schwab High Yield Bond ETF by 65.6% during the second quarter. Tidal Investments LLC now owns 1,647,085 shares of the company’s stock valued at $43,450,000 after purchasing an additional 652,496 shares in the last quarter. Cornerstone Enterprises LLC bought a new position in Schwab High Yield Bond ETF during the fourth quarter valued at approximately $15,389,000. Charles Schwab Trust Co grew its holdings in Schwab High Yield Bond ETF by 3.3% during the 4th quarter. Charles Schwab Trust Co now owns 434,937 shares of the company’s stock valued at $11,491,000 after buying an additional 14,057 shares in the last quarter. Dahring Cusmano LLC increased its stake in Schwab High Yield Bond ETF by 15.9% in the 4th quarter. Dahring Cusmano LLC now owns 323,169 shares of the company’s stock worth $8,538,000 after acquiring an additional 44,411 shares during the last quarter. Finally, Strategic Financial Planning Inc. increased its stake in Schwab High Yield Bond ETF by 3.9% in the 4th quarter. Strategic Financial Planning Inc. now owns 237,534 shares of the company’s stock worth $6,276,000 after acquiring an additional 8,828 shares during the last quarter.

Schwab High Yield Bond ETF Stock Up 0.3%

NYSEARCA:SCYB traded up $0.07 on Wednesday, reaching $26.32. 918,614 shares of the company’s stock traded hands, compared to its average volume of 1,173,954. The stock has a 50-day simple moving average of $26.51 and a 200-day simple moving average of $26.51. Schwab High Yield Bond ETF has a 12 month low of $24.73 and a 12 month high of $26.78. The firm has a market cap of $2.25 billion, a PE ratio of 60.28 and a beta of 0.32.

Schwab High Yield Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, March 6th. Investors of record on Monday, March 2nd will be issued a $0.1449 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 6.6%.

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.