Short Interest in Schwab Municipal Bond ETF (NYSEARCA:SCMB) Rises By 501.2%

Schwab Municipal Bond ETF (NYSEARCA:SCMB) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 199,600 shares, agrowthof501.2% from the July 15th total of 33,200 shares. Based on an average trading volume of 700,500 shares, the short-interest ratio is currently 0.3 days. Approximately0.2% of the company’s stock are short sold. Approximately0.2% of the company’s stock are short sold. Based on an average trading volume of 700,500 shares, the short-interest ratio is currently 0.3 days.

Schwab Municipal Bond ETF Price Performance

NYSEARCA:SCMB opened at $25.09 on Friday. Schwab Municipal Bond ETF has a one year low of $24.21 and a one year high of $26.37. The company’s 50-day simple moving average is $25.02 and its 200 day simple moving average is $25.23.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. MAI Capital Management raised its holdings in Schwab Municipal Bond ETF by 1.7% in the second quarter. MAI Capital Management now owns 24,802 shares of the company’s stock worth $625,000 after buying an additional 411 shares during the last quarter. VCI Wealth Management LLC raised its holdings in shares of Schwab Municipal Bond ETF by 3.3% during the second quarter. VCI Wealth Management LLC now owns 15,982 shares of the company’s stock valued at $402,000 after purchasing an additional 505 shares during the last quarter. Compass Financial Group INC SD raised its holdings in shares of Schwab Municipal Bond ETF by 2.4% during the second quarter. Compass Financial Group INC SD now owns 23,036 shares of the company’s stock valued at $580,000 after purchasing an additional 539 shares during the last quarter. Galvin Gaustad & Stein LLC raised its holdings in shares of Schwab Municipal Bond ETF by 3.8% during the second quarter. Galvin Gaustad & Stein LLC now owns 17,628 shares of the company’s stock valued at $444,000 after purchasing an additional 638 shares during the last quarter. Finally, AE Wealth Management LLC raised its holdings in shares of Schwab Municipal Bond ETF by 394.9% during the first quarter. AE Wealth Management LLC now owns 970 shares of the company’s stock valued at $25,000 after purchasing an additional 774 shares during the last quarter.

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.