Short Interest in Schwab High Yield Bond ETF (NYSEARCA:SCYB) Grows By 835.0%

Schwab High Yield Bond ETF (NYSEARCA:SCYB) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 174,991 shares, an increase of 835.0% from the June 15th total of 18,715 shares. Based on an average daily volume of 1,307,796 shares, the short-interest ratio is presently 0.1 days. Approximately 0.2% of the shares of the stock are sold short.

Schwab High Yield Bond ETF Price Performance

Shares of SCYB stock traded down $0.03 on Friday, hitting $26.07. 1,115,352 shares of the company’s stock were exchanged, compared to its average volume of 1,228,727. The company has a 50 day moving average of $26.14 and a 200 day moving average of $26.27. The stock has a market cap of $2.66 billion, a P/E ratio of 60.28 and a beta of 0.27. Schwab High Yield Bond ETF has a 12 month low of $25.70 and a 12 month high of $26.78.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. OMNI 360 Wealth Inc. boosted its stake in shares of Schwab High Yield Bond ETF by 1.9% in the 4th quarter. OMNI 360 Wealth Inc. now owns 26,553 shares of the company’s stock valued at $706,000 after purchasing an additional 503 shares in the last quarter. Bogart Wealth LLC increased its position in Schwab High Yield Bond ETF by 1.9% during the 4th quarter. Bogart Wealth LLC now owns 29,008 shares of the company’s stock worth $766,000 after purchasing an additional 532 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Schwab High Yield Bond ETF by 344.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,014 shares of the company’s stock worth $27,000 after purchasing an additional 786 shares in the last quarter. Creative Financial Designs Inc. ADV increased its position in Schwab High Yield Bond ETF by 8.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 10,554 shares of the company’s stock worth $279,000 after purchasing an additional 816 shares in the last quarter. Finally, WealthBridge Capital Management LLC lifted its stake in Schwab High Yield Bond ETF by 5.1% in the 4th quarter. WealthBridge Capital Management LLC now owns 18,611 shares of the company’s stock valued at $492,000 after purchasing an additional 910 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.