Schwab High Yield Bond ETF (NYSEARCA:SCYB) Shares Shorted: Short Interest Up 993.8% in September

Schwab High Yield Bond ETF (NYSEARCA:SCYB) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 192,671 shares, an increase of 993.8% from the September 15th total of 17,615 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 1,059,921 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SCYB. Davis Capital Management purchased a new position in shares of Schwab High Yield Bond ETF during the third quarter valued at approximately $48,000. CoreCap Advisors LLC increased its stake in Schwab High Yield Bond ETF by 81.9% in the 3rd quarter. CoreCap Advisors LLC now owns 1,890 shares of the company’s stock valued at $48,000 after buying an additional 851 shares during the last quarter. Elm3 Financial Group LLC increased its stake in Schwab High Yield Bond ETF by 47.3% in the 3rd quarter. Elm3 Financial Group LLC now owns 137,835 shares of the company’s stock valued at $3,479,000 after buying an additional 44,258 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in Schwab High Yield Bond ETF during the second quarter worth $103,000. Finally, IFP Advisors Inc boosted its position in Schwab High Yield Bond ETF by 49.9% in the second quarter. IFP Advisors Inc now owns 24,253 shares of the company’s stock worth $635,000 after purchasing an additional 8,074 shares during the last quarter.

Schwab High Yield Bond ETF Price Performance

NYSEARCA SCYB traded up $0.01 on Friday, reaching $25.20. The company had a trading volume of 854,555 shares, compared to its average volume of 1,164,486. Schwab High Yield Bond ETF has a fifty-two week low of $24.91 and a fifty-two week high of $26.72. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 60.28 and a beta of 0.28. The business has a 50 day moving average of $25.74 and a two-hundred day moving average of $25.99.

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.