Schwab High Yield Bond ETF (NYSEARCA:SCYB) Short Interest Up 82.5% in October

Schwab High Yield Bond ETF (NYSEARCA:SCYB) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 148,400 shares, a growth of 82.5% from the September 30th total of 81,300 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 833,000 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 833,000 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are short sold.

Schwab High Yield Bond ETF Trading Down 0.2%

SCYB opened at $26.51 on Monday. Schwab High Yield Bond ETF has a 12-month low of $24.73 and a 12-month high of $26.78. The business’s fifty day simple moving average is $26.59 and its 200-day simple moving average is $26.34. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 60.28 and a beta of 0.32.

Institutional Investors Weigh In On Schwab High Yield Bond ETF

Hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. grew its holdings in Schwab High Yield Bond ETF by 9.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 13,761,725 shares of the company’s stock worth $359,319,000 after acquiring an additional 1,183,192 shares during the period. Tidal Investments LLC grew its stake in shares of Schwab High Yield Bond ETF by 65.6% in the second quarter. Tidal Investments LLC now owns 1,647,085 shares of the company’s stock valued at $43,450,000 after buying an additional 652,496 shares in the last quarter. Charles Schwab Trust Co grew its stake in Schwab High Yield Bond ETF by 189.8% during the 2nd quarter. Charles Schwab Trust Co now owns 384,155 shares of the company’s stock worth $10,195,000 after purchasing an additional 251,574 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Schwab High Yield Bond ETF by 2,569.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 234,115 shares of the company’s stock worth $6,113,000 after purchasing an additional 225,345 shares in the last quarter. Finally, Strategic Financial Planning Inc. acquired a new position in shares of Schwab High Yield Bond ETF during the 2nd quarter worth about $5,706,000.

Schwab High Yield Bond ETF Company Profile

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.