Schwab Municipal Bond ETF (NYSEARCA:SCMB) Stock Short Interest Report for October

Schwab Municipal Bond ETF (NYSEARCA:SCMB) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 8,234,912 shares, an increase of 678.6% from the September 30th total of 1,057,691 shares. Currently, 5.2% of the shares of the stock are sold short. Based on an average daily volume of 6,674,508 shares, the short-interest ratio is presently 1.2 days.

Schwab Municipal Bond ETF Price Performance

Shares of SCMB traded down $0.01 during mid-day trading on Wednesday, reaching $24.71. 2,640,947 shares of the company were exchanged, compared to its average volume of 2,129,827. The business has a 50 day simple moving average of $24.60 and a two-hundred day simple moving average of $25.42. Schwab Municipal Bond ETF has a 52 week low of $23.81 and a 52 week high of $26.20.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SCMB. Root Financial Partners LLC purchased a new position in shares of Schwab Municipal Bond ETF during the third quarter valued at approximately $45,000. Integrated Wealth Concepts LLC bought a new position in shares of Schwab Municipal Bond ETF during the 2nd quarter valued at approximately $50,000. RMG Wealth Management LLC purchased a new stake in Schwab Municipal Bond ETF in the first quarter worth $237,000. Greenspring Advisors LLC purchased a new position in shares of Schwab Municipal Bond ETF during the 2nd quarter valued at $251,000. Finally, Breakwater Capital Group grew its stake in shares of Schwab Municipal Bond ETF by 15.9% during the 2nd quarter. Breakwater Capital Group now owns 11,309 shares of the company’s stock worth $292,000 after acquiring an additional 1,550 shares during the period.

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.