Schwab High Yield Bond ETF (NYSEARCA:SCYB – Get Free Report) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 573,720 shares, an increase of 285.7% from the May 14th total of 148,732 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 1,049,464 shares, the short-interest ratio is currently 0.5 days.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. boosted its holdings in Schwab High Yield Bond ETF by 344.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,014 shares of the company’s stock worth $27,000 after buying an additional 786 shares during the period. AlphaCore Capital LLC bought a new position in Schwab High Yield Bond ETF in the 3rd quarter worth approximately $29,000. Kestra Advisory Services LLC bought a new position in Schwab High Yield Bond ETF in the 4th quarter worth approximately $33,000. Arax Advisory Partners bought a new position in Schwab High Yield Bond ETF in the 4th quarter worth approximately $39,000. Finally, Howe & Rusling Inc. boosted its holdings in Schwab High Yield Bond ETF by 367.1% in the 4th quarter. Howe & Rusling Inc. now owns 2,074 shares of the company’s stock worth $55,000 after buying an additional 1,630 shares during the period.
Schwab High Yield Bond ETF Stock Up 0.0%
SCYB traded up $0.01 on Friday, hitting $26.16. The company’s stock had a trading volume of 989,158 shares, compared to its average volume of 1,221,802. The company’s 50 day simple moving average is $26.18 and its 200-day simple moving average is $26.32. The firm has a market cap of $2.43 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.
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.
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