Schwab Municipal Bond ETF (NYSEARCA:SCMB) Sees Large Decrease in Short Interest

Schwab Municipal Bond ETF (NYSEARCA:SCMB) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 237,173 shares, a decrease of 34.9% from the June 30th total of 364,434 shares. Based on an average trading volume of 872,105 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are short sold.

Schwab Municipal Bond ETF Stock Performance

Schwab Municipal Bond ETF stock opened at $25.33 on Friday. The stock has a fifty day moving average price of $25.63 and a two-hundred day moving average price of $25.72. Schwab Municipal Bond ETF has a 52-week low of $24.95 and a 52-week high of $26.20.

Institutional Investors Weigh In On Schwab Municipal Bond ETF

Large investors have recently made changes to their positions in the company. Charles Schwab Trust Co lifted its holdings in Schwab Municipal Bond ETF by 11.1% during the 2nd quarter. Charles Schwab Trust Co now owns 1,055,202 shares of the company’s stock valued at $27,245,000 after purchasing an additional 105,691 shares during the last quarter. Roan Capital Partners grew its stake in Schwab Municipal Bond ETF by 29.1% during the second quarter. Roan Capital Partners now owns 21,064 shares of the company’s stock worth $544,000 after buying an additional 4,746 shares during the last quarter. Breakwater Capital Group increased its holdings in shares of Schwab Municipal Bond ETF by 15.9% during the second quarter. Breakwater Capital Group now owns 11,309 shares of the company’s stock worth $292,000 after buying an additional 1,550 shares in the last quarter. Archer Investment Management LLC increased its holdings in shares of Schwab Municipal Bond ETF by 38.6% during the second quarter. Archer Investment Management LLC now owns 48,787 shares of the company’s stock worth $1,260,000 after buying an additional 13,587 shares in the last quarter. Finally, CoreCap Advisors LLC bought a new position in shares of Schwab Municipal Bond ETF in the second quarter valued at approximately $442,000.

Schwab Municipal Bond ETF Company Profile

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.