Schwab High Yield Bond ETF (NYSEARCA:SCYB) Short Interest Up 279.0% in August

Schwab High Yield Bond ETF (NYSEARCA:SCYB) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 174,118 shares, an increase of 279.0% from the July 30th total of 45,939 shares. Based on an average daily volume of 911,538 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are short sold.

Schwab High Yield Bond ETF Trading Down 0.1%

NYSEARCA SCYB opened at $26.07 on Friday. Schwab High Yield Bond ETF has a 12 month low of $25.70 and a 12 month high of $26.78. The stock has a 50 day moving average of $26.05 and a 200-day moving average of $26.15. The company has a market cap of $2.76 billion, a PE ratio of 60.28 and a beta of 0.27.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Compass Financial Management LLC bought a new stake in shares of Schwab High Yield Bond ETF in the 2nd quarter valued at about $150,000. Concurrent Investment Advisors LLC grew its holdings in Schwab High Yield Bond ETF by 35.2% during the second quarter. Concurrent Investment Advisors LLC now owns 18,918 shares of the company’s stock worth $495,000 after purchasing an additional 4,927 shares during the period. Charles Schwab Trust Co increased its position in Schwab High Yield Bond ETF by 0.8% during the second quarter. Charles Schwab Trust Co now owns 509,261 shares of the company’s stock worth $13,332,000 after buying an additional 3,814 shares during the last quarter. IFC & Insurance Marketing Inc. increased its position in Schwab High Yield Bond ETF by 14.0% during the second quarter. IFC & Insurance Marketing Inc. now owns 87,241 shares of the company’s stock worth $2,284,000 after buying an additional 10,714 shares during the last quarter. Finally, MFG Wealth Management Inc. increased its holdings in shares of Schwab High Yield Bond ETF by 7.7% during the 2nd quarter. MFG Wealth Management Inc. now owns 150,197 shares of the company’s stock worth $3,932,000 after acquiring an additional 10,739 shares during the last quarter.

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.