Schwab Municipal Bond ETF (NYSEARCA:SCMB) Sees Large Increase in Short Interest

Schwab Municipal Bond ETF (NYSEARCA:SCMB) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 201,867 shares, a growth of 62.9% from the July 30th total of 123,945 shares. Based on an average trading volume of 1,214,644 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On Schwab Municipal Bond ETF

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

Schwab Municipal Bond ETF Stock Down 0.7%

Schwab Municipal Bond ETF stock opened at $24.96 on Wednesday. Schwab Municipal Bond ETF has a 1-year low of $24.91 and a 1-year high of $26.20. The firm’s 50 day simple moving average is $25.47 and its 200 day simple moving average is $25.62.

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.