Schwab High Yield Bond ETF (NYSEARCA:SCYB) Short Interest Update

by · The Cerbat Gem

Schwab High Yield Bond ETF (NYSEARCA:SCYB – Get Free Report) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 209,448 shares, a growth of 38.3% from the November 30th total of 151,446 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 799,302 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 799,302 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.3% of the company’s stock are sold short.

Hedge Funds Weigh In On Schwab High Yield Bond ETF

Institutional investors have recently bought and sold shares of the stock. WealthBridge Capital Management LLC increased its position in Schwab High Yield Bond ETF by 2.4% in the 3rd quarter. WealthBridge Capital Management LLC now owns 17,701 shares of the company’s stock worth $473,000 after buying an additional 407 shares during the period. Bogart Wealth LLC boosted its position in shares of Schwab High Yield Bond ETF by 1.7% in the third quarter. Bogart Wealth LLC now owns 28,476 shares of the company’s stock valued at $761,000 after acquiring an additional 470 shares during the period. Joseph P. Lucia & Associates LLC grew its stake in shares of Schwab High Yield Bond ETF by 2.9% in the third quarter. Joseph P. Lucia & Associates LLC now owns 19,021 shares of the company’s stock worth $508,000 after acquiring an additional 530 shares during the last quarter. Forum Financial Management LP increased its position in Schwab High Yield Bond ETF by 7.1% during the second quarter. Forum Financial Management LP now owns 10,295 shares of the company’s stock worth $273,000 after acquiring an additional 684 shares during the period. Finally, Brookstone Capital Management increased its position in Schwab High Yield Bond ETF by 7.9% during the second quarter. Brookstone Capital Management now owns 10,345 shares of the company’s stock worth $275,000 after acquiring an additional 761 shares during the period.

Schwab High Yield Bond ETF Stock Up 0.2%

Shares of SCYB traded up $0.04 during mid-day trading on Tuesday, hitting $26.47. 738,008 shares of the company’s stock were exchanged, compared to its average volume of 612,561. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 60.28 and a beta of 0.32. The firm has a fifty day moving average of $26.46 and a two-hundred day moving average of $26.47. Schwab High Yield Bond ETF has a twelve month low of $24.73 and a twelve month high of $26.78.

Schwab High Yield Bond ETF Company Profile

(Get Free Report)

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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