Schwab High Yield Bond ETF (NYSEARCA:SCYB) Sees Significant Growth in Short Interest

Schwab High Yield Bond ETF (NYSEARCA:SCYB) was the recipient of a large increase in short interest during 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 shares of the company are sold short. Based on an average daily volume of 1,105,288 shares, the days-to-cover ratio is presently 0.3 days.

Schwab High Yield Bond ETF Trading Up 0.0%

NYSEARCA:SCYB traded up $0.01 during trading hours on Monday, hitting $26.03. 875,253 shares of the company traded hands, compared to its average volume of 1,194,101. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of 60.28 and a beta of 0.28. Schwab High Yield Bond ETF has a twelve month low of $25.70 and a twelve month high of $26.78. The firm has a 50-day moving average of $26.13 and a 200 day moving average of $26.35.

Institutional Investors Weigh In On Schwab High Yield Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Empowered Funds LLC grew its holdings in shares of Schwab High Yield Bond ETF by 12.8% in the 1st quarter. Empowered Funds LLC now owns 70,823 shares of the company’s stock worth $1,831,000 after purchasing an additional 8,019 shares during the last quarter. Dahring Cusmano LLC grew its holdings in shares of Schwab High Yield Bond ETF by 7.2% in the 1st quarter. Dahring Cusmano LLC now owns 346,378 shares of the company’s stock worth $9,006,000 after purchasing an additional 23,209 shares during the last quarter. Wealthgarden F.S. LLC bought a new stake in shares of Schwab High Yield Bond ETF in the 1st quarter worth about $412,000. Carnegie Investment Counsel grew its holdings in shares of Schwab High Yield Bond ETF by 14.4% in the 1st quarter. Carnegie Investment Counsel now owns 27,963 shares of the company’s stock worth $727,000 after purchasing an additional 3,514 shares during the last quarter. Finally, Burney Co. bought a new stake in shares of Schwab High Yield Bond ETF in the 1st quarter worth about $298,000.

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.