Short Interest in Schwab High Yield Bond ETF (NYSEARCA:SCYB) Decreases By 96.7%

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

Schwab High Yield Bond ETF Stock Down 0.0%

Shares of SCYB traded down $0.01 during mid-day trading on Friday, hitting $26.15. 1,134,928 shares of the company’s stock were exchanged, compared to its average volume of 1,226,162. Schwab High Yield Bond ETF has a 52 week low of $25.70 and a 52 week high of $26.78. The stock’s 50-day simple moving average is $26.18 and its 200-day simple moving average is $26.29. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 60.28 and a beta of 0.27.

Hedge Funds Weigh In On Schwab High Yield Bond ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Tidal Investments LLC lifted its position in shares of Schwab High Yield Bond ETF by 65.6% during the 2nd quarter. Tidal Investments LLC now owns 1,647,085 shares of the company’s stock valued at $43,450,000 after acquiring an additional 652,496 shares during the period. Cornerstone Enterprises LLC bought a new position in shares of Schwab High Yield Bond ETF in the fourth quarter worth $15,389,000. Charles Schwab Trust Co increased its position in shares of Schwab High Yield Bond ETF by 3.3% in the fourth quarter. Charles Schwab Trust Co now owns 434,937 shares of the company’s stock worth $11,491,000 after purchasing an additional 14,057 shares during the period. Dahring Cusmano LLC raised its stake in Schwab High Yield Bond ETF by 7.2% in the first quarter. Dahring Cusmano LLC now owns 346,378 shares of the company’s stock valued at $9,006,000 after purchasing an additional 23,209 shares in the last quarter. Finally, Strategic Financial Planning Inc. raised its stake in Schwab High Yield Bond ETF by 3.9% in the fourth quarter. Strategic Financial Planning Inc. now owns 237,534 shares of the company’s stock valued at $6,276,000 after purchasing an additional 8,828 shares in 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.