Short Interest in Schwab Municipal Bond ETF (NYSEARCA:SCMB) Decreases By 34.9%

Schwab Municipal Bond ETF (NYSEARCA:SCMB) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 237,173 shares, a decrease of 34.9% from the June 30th total of 364,434 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 872,105 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Schwab Municipal Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Trust Co raised its stake in Schwab Municipal Bond ETF by 11.1% during the 2nd quarter. Charles Schwab Trust Co now owns 1,055,202 shares of the company’s stock valued at $27,245,000 after buying an additional 105,691 shares during the last quarter. Roan Capital Partners grew its holdings in shares of Schwab Municipal Bond ETF by 29.1% in the second quarter. Roan Capital Partners now owns 21,064 shares of the company’s stock worth $544,000 after acquiring an additional 4,746 shares during the period. Breakwater Capital Group lifted its holdings in Schwab Municipal Bond ETF by 15.9% in the second quarter. Breakwater Capital Group now owns 11,309 shares of the company’s stock valued at $292,000 after acquiring an additional 1,550 shares during the period. Archer Investment Management LLC grew its stake in shares of Schwab Municipal Bond ETF by 38.6% during the 2nd quarter. Archer Investment Management LLC now owns 48,787 shares of the company’s stock valued at $1,260,000 after purchasing an additional 13,587 shares during the period. Finally, CoreCap Advisors LLC bought a new stake in shares of Schwab Municipal Bond ETF during the 2nd quarter valued at about $442,000.

Schwab Municipal Bond ETF Price Performance

NYSEARCA:SCMB traded down $0.04 during mid-day trading on Friday, reaching $25.29. The company’s stock had a trading volume of 846,942 shares, compared to its average volume of 1,247,501. The firm’s fifty day moving average price is $25.63 and its two-hundred day moving average price is $25.72. Schwab Municipal Bond ETF has a 12-month low of $24.95 and a 12-month high of $26.20.

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.