Schwab High Yield Bond ETF (NYSEARCA:SCYB) Short Interest Up 88.3% in April

Schwab High Yield Bond ETF (NYSEARCA:SCYB) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 319,333 shares, an increase of 88.3% from the April 15th total of 169,570 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 1,105,288 shares, the short-interest ratio is presently 0.3 days.

Schwab High Yield Bond ETF Stock Performance

NYSEARCA SCYB traded down $0.11 on Friday, reaching $26.02. The company had a trading volume of 896,095 shares, compared to its average volume of 1,197,520. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 60.28 and a beta of 0.28. Schwab High Yield Bond ETF has a 1-year low of $25.70 and a 1-year high of $26.78. The company’s fifty day moving average is $26.13 and its 200-day moving average is $26.36.

Hedge Funds Weigh In On Schwab High Yield Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tidal Investments LLC boosted its stake in Schwab High Yield Bond ETF by 65.6% in the 2nd quarter. Tidal Investments LLC now owns 1,647,085 shares of the company’s stock worth $43,450,000 after purchasing an additional 652,496 shares during the period. Cornerstone Enterprises LLC acquired a new position in shares of Schwab High Yield Bond ETF during the 4th quarter worth about $15,389,000. Charles Schwab Trust Co boosted its stake in shares of Schwab High Yield Bond ETF by 3.3% during the 4th quarter. Charles Schwab Trust Co now owns 434,937 shares of the company’s stock worth $11,491,000 after buying an additional 14,057 shares during the last quarter. Dahring Cusmano LLC boosted its stake in shares of Schwab High Yield Bond ETF by 7.2% during the 1st quarter. Dahring Cusmano LLC now owns 346,378 shares of the company’s stock worth $9,006,000 after buying an additional 23,209 shares during the last quarter. Finally, Strategic Financial Planning Inc. boosted its stake in shares of Schwab High Yield Bond ETF by 3.9% during the 4th quarter. Strategic Financial Planning Inc. now owns 237,534 shares of the company’s stock worth $6,276,000 after buying an additional 8,828 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.