Schwab High Yield Bond ETF (NYSEARCA:SCYB) Short Interest Update

Schwab High Yield Bond ETF (NYSEARCA:SCYB) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 18,715 shares, a decrease of 96.7% from the May 31st total of 573,720 shares. Based on an average daily volume of 1,559,768 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On Schwab High Yield Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of SCYB. Flow Traders U.S. LLC acquired a new stake in Schwab High Yield Bond ETF in the 2nd quarter valued at $350,000. Bank of America Corp DE grew its position in Schwab High Yield Bond ETF by 419.3% in the second quarter. Bank of America Corp DE now owns 52,007 shares of the company’s stock valued at $1,380,000 after acquiring an additional 41,992 shares during the period. Tidal Investments LLC raised its stake in Schwab High Yield Bond ETF by 65.6% during the second quarter. Tidal Investments LLC now owns 1,647,085 shares of the company’s stock worth $43,450,000 after acquiring an additional 652,496 shares in the last quarter. Captrust Financial Advisors acquired a new position in Schwab High Yield Bond ETF during the second quarter worth $223,000. Finally, Osaic Holdings Inc. lifted its holdings in shares of Schwab High Yield Bond ETF by 15.1% during the second quarter. Osaic Holdings Inc. now owns 7,579 shares of the company’s stock valued at $201,000 after acquiring an additional 992 shares during the period.

Schwab High Yield Bond ETF Stock Performance

NYSEARCA SCYB traded up $0.02 during trading on Thursday, reaching $26.16. 1,240,699 shares of the company traded hands, compared to its average volume of 1,226,916. The stock’s 50 day moving average price is $26.19 and its two-hundred day moving average price is $26.29. The company has a market cap of $2.43 billion, a price-to-earnings ratio of 60.28 and a beta of 0.27. Schwab High Yield Bond ETF has a 1-year low of $25.70 and a 1-year high of $26.78.

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.