Schwab High Yield Bond ETF (NYSEARCA:SCYB) Stock Short Interest Falls 91.0%

Schwab High Yield Bond ETF (NYSEARCA:SCYB) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 17,615 shares, a decline of 91.0% from the August 31st total of 195,975 shares. Based on an average daily volume of 1,101,303 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Schwab High Yield Bond ETF Trading Down 0.4%

Shares of SCYB traded down $0.09 during mid-day trading on Thursday, hitting $25.45. The company’s stock had a trading volume of 1,328,300 shares, compared to its average volume of 1,156,312. The company’s 50-day moving average is $25.91 and its 200-day moving average is $26.05. Schwab High Yield Bond ETF has a 52-week low of $25.44 and a 52-week high of $26.74. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 60.28 and a beta of 0.27.

Institutional Trading of Schwab High Yield Bond ETF

A number of hedge funds have recently bought and sold shares of SCYB. IFC & Insurance Marketing Inc. bought a new stake in Schwab High Yield Bond ETF during the 1st quarter valued at $1,990,000. Prairiewood Capital LLC purchased a new position in shares of Schwab High Yield Bond ETF in the 1st quarter valued at $1,531,000. Principia Wealth Advisory LLC raised its position in shares of Schwab High Yield Bond ETF by 40.2% in the 4th quarter. Principia Wealth Advisory LLC now owns 165,725 shares of the company’s stock worth $4,378,000 after acquiring an additional 47,515 shares in the last quarter. Harbour Investments Inc. raised its position in shares of Schwab High Yield Bond ETF by 141.2% in the 4th quarter. Harbour Investments Inc. now owns 75,756 shares of the company’s stock worth $2,001,000 after acquiring an additional 44,353 shares in the last quarter. Finally, FF Advisors LLC purchased a new stake in shares of Schwab High Yield Bond ETF during the 4th quarter worth $1,156,000.

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.