Schwab Municipal Bond ETF (NYSEARCA:SCMB) Sees Significant Drop in Short Interest

Schwab Municipal Bond ETF (NYSEARCA:SCMB) saw a large decrease in short interest during the month of October. As of October 30th, there was short interest totaling 12,166 shares, a decrease of 99.9% from the October 15th total of 8,234,912 shares. Based on an average daily volume of 3,812,350 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On Schwab Municipal Bond ETF

Hedge funds have recently bought and sold shares of the business. Kestra Advisory Services LLC raised its position in shares of Schwab Municipal Bond ETF by 2.0% during the first quarter. Kestra Advisory Services LLC now owns 31,893 shares of the company’s stock valued at $813,000 after buying an additional 611 shares during the last quarter. Golden Bell Financial Planning LLC lifted its stake in shares of Schwab Municipal Bond ETF by 4.7% in the first quarter. Golden Bell Financial Planning LLC now owns 17,968 shares of the company’s stock valued at $458,000 after buying an additional 806 shares during the period. Continuum Advisory LLC lifted its stake in shares of Schwab Municipal Bond ETF by 6.0% in the second quarter. Continuum Advisory LLC now owns 15,908 shares of the company’s stock valued at $411,000 after buying an additional 903 shares during the period. Compass Financial Management LLC grew its position in Schwab Municipal Bond ETF by 6.2% during the third quarter. Compass Financial Management LLC now owns 16,054 shares of the company’s stock worth $388,000 after buying an additional 939 shares in the last quarter. Finally, Breakwater Capital Group grew its position in Schwab Municipal Bond ETF by 15.9% during the second quarter. Breakwater Capital Group now owns 11,309 shares of the company’s stock worth $292,000 after buying an additional 1,550 shares in the last quarter.

Schwab Municipal Bond ETF Stock Down 0.4%

Shares of Schwab Municipal Bond ETF stock traded down $0.10 during midday trading on Tuesday, reaching $25.02. 2,253,884 shares of the company’s stock traded hands, compared to its average volume of 2,143,908. The company’s 50 day simple moving average is $24.53 and its 200 day simple moving average is $25.37. Schwab Municipal Bond ETF has a 52 week low of $23.81 and a 52 week 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.