Schwab Municipal Bond ETF (NYSEARCA:SCMB) Shares Shorted: Short Interest Down 99.9% in October

Schwab Municipal Bond ETF (NYSEARCA:SCMB) was the recipient of a large decline in short interest in October. As of October 30th, there was short interest totaling 12,166 shares, a decline of 99.9% from the October 15th total of 8,234,912 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 3,812,350 shares, the short-interest ratio is presently 0.0 days.

Schwab Municipal Bond ETF Price Performance

SCMB stock opened at $25.02 on Wednesday. Schwab Municipal Bond ETF has a 1 year low of $23.81 and a 1 year high of $26.20. The firm has a 50-day moving average of $24.53 and a 200 day moving average of $25.37.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Rosenberg Matthew Hamilton increased its stake in shares of Schwab Municipal Bond ETF by 1,328.7% during the third quarter. Rosenberg Matthew Hamilton now owns 157,341 shares of the company’s stock valued at $3,801,000 after purchasing an additional 146,328 shares in the last quarter. Liberty Capital Management Inc. purchased a new position in shares of Schwab Municipal Bond ETF during the third quarter valued at approximately $2,620,000. Renaissance Technologies LLC bought a new stake in shares of Schwab Municipal Bond ETF in the 1st quarter worth approximately $1,014,000. Charles Schwab Trust Co boosted its position in shares of Schwab Municipal Bond ETF by 11.1% in the 2nd quarter. Charles Schwab Trust Co now owns 1,055,202 shares of the company’s stock worth $27,245,000 after purchasing an additional 105,691 shares in the last quarter. Finally, Acorn Wealth Advisors LLC purchased a new stake in shares of Schwab Municipal Bond ETF in the 2nd quarter worth approximately $1,043,000.

About Schwab Municipal Bond ETF

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.