Schwab Municipal Bond ETF (NYSEARCA:SCMB) Short Interest Update

Schwab Municipal Bond ETF (NYSEARCA:SCMB) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 201,867 shares, an increase of 62.9% from the July 30th total of 123,945 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 1,214,644 shares, the days-to-cover ratio is currently 0.2 days.

Schwab Municipal Bond ETF Price Performance

Shares of NYSEARCA SCMB traded down $0.17 during trading on Tuesday, reaching $24.96. The stock had a trading volume of 6,176,115 shares, compared to its average volume of 1,311,824. Schwab Municipal Bond ETF has a one year low of $24.91 and a one year high of $26.20. The firm’s 50 day moving average price is $25.48 and its two-hundred day moving average price is $25.62.

Institutional Trading of Schwab Municipal Bond ETF

Several institutional investors have recently added to or reduced their stakes in SCMB. Wescott Financial Advisory Group LLC acquired a new position in shares of Schwab Municipal Bond ETF in the 4th quarter valued at about $794,000. Fort Point Capital Partners LLC grew its position in shares of Schwab Municipal Bond ETF by 5.9% during the 4th quarter. Fort Point Capital Partners LLC now owns 762,050 shares of the company’s stock valued at $19,775,000 after buying an additional 42,573 shares during the last quarter. Manning & Napier Advisors LLC raised its stake in Schwab Municipal Bond ETF by 32.1% during the fourth quarter. Manning & Napier Advisors LLC now owns 107,109 shares of the company’s stock worth $2,759,000 after acquiring an additional 26,020 shares during the period. NewCorp Financial Services Inc. bought a new position in Schwab Municipal Bond ETF in the fourth quarter worth about $905,000. Finally, Stolz & Associates PS bought a new position in Schwab Municipal Bond ETF in the fourth quarter worth about $903,000.

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.