Schwab High Yield Bond ETF (NYSEARCA:SCYB) Sees Large Decline in Short Interest

Schwab High Yield Bond ETF (NYSEARCA:SCYB) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 18,715 shares, a decline 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. Approximately 0.0% of the shares of the company are short sold.

Schwab High Yield Bond ETF Trading Up 0.1%

NYSEARCA:SCYB traded up $0.02 during mid-day trading on Thursday, hitting $26.16. 1,240,699 shares of the company’s stock traded hands, compared to its average volume of 1,226,916. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 60.28 and a beta of 0.27. The firm has a 50 day moving average of $26.19 and a two-hundred day moving average of $26.29. Schwab High Yield Bond ETF has a 12 month low of $25.70 and a 12 month high of $26.78.

Institutional Investors Weigh In On Schwab High Yield Bond ETF

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

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.