Schwab Municipal Bond ETF (NYSEARCA:SCMB) Shares Shorted: Short Interest Up 678.6% in October

Schwab Municipal Bond ETF (NYSEARCA:SCMB) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 8,234,912 shares, a growth of 678.6% from the September 30th total of 1,057,691 shares. Based on an average trading volume of 6,674,508 shares, the short-interest ratio is presently 1.2 days. Currently, 5.2% of the company’s stock are sold short.

Schwab Municipal Bond ETF Trading Up 0.1%

Schwab Municipal Bond ETF stock traded up $0.04 during mid-day trading on Thursday, reaching $24.77. 246,939 shares of the company traded hands, compared to its average volume of 2,121,083. Schwab Municipal Bond ETF has a fifty-two week low of $23.81 and a fifty-two week high of $26.20. The firm’s fifty day moving average is $24.59 and its two-hundred day moving average is $25.41.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Rosenberg Matthew Hamilton increased its stake in Schwab Municipal Bond ETF by 1,328.7% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 157,341 shares of the company’s stock worth $3,801,000 after buying an additional 146,328 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Schwab Municipal Bond ETF during the 1st quarter valued at about $1,014,000. Charles Schwab Trust Co raised its holdings in Schwab Municipal Bond ETF by 11.1% in the 2nd quarter. Charles Schwab Trust Co now owns 1,055,202 shares of the company’s stock valued at $27,245,000 after acquiring an additional 105,691 shares during the last quarter. Acorn Wealth Advisors LLC purchased a new position in Schwab Municipal Bond ETF in the 2nd quarter worth approximately $1,043,000. Finally, Waverly Advisors LLC boosted its holdings in shares of Schwab Municipal Bond ETF by 606.5% during the 1st quarter. Waverly Advisors LLC now owns 144,146 shares of the company’s stock worth $3,673,000 after purchasing an additional 123,744 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.