Schwab High Yield Bond ETF (NYSEARCA:SCYB) Shares Shorted: Short Interest Up 993.8% in September

Schwab High Yield Bond ETF (NYSEARCA:SCYB) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 192,671 shares, an increase of 993.8% from the September 15th total of 17,615 shares. Based on an average daily volume of 1,059,921 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the shares of the company are short sold.

Schwab High Yield Bond ETF Price Performance

NYSEARCA:SCYB traded up $0.01 on Friday, reaching $25.20. 854,555 shares of the company’s stock were exchanged, compared to its average volume of 1,164,486. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 60.28 and a beta of 0.28. The stock has a fifty day simple moving average of $25.74 and a 200-day simple moving average of $25.99. Schwab High Yield Bond ETF has a 52 week low of $24.91 and a 52 week high of $26.72.

Institutional Investors Weigh In On Schwab High Yield Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Davis Capital Management bought a new stake in shares of Schwab High Yield Bond ETF during the 3rd quarter worth $48,000. CoreCap Advisors LLC lifted its holdings in shares of Schwab High Yield Bond ETF by 81.9% in the 3rd quarter. CoreCap Advisors LLC now owns 1,890 shares of the company’s stock worth $48,000 after acquiring an additional 851 shares during the last quarter. Elm3 Financial Group LLC lifted its holdings in shares of Schwab High Yield Bond ETF by 47.3% in the 3rd quarter. Elm3 Financial Group LLC now owns 137,835 shares of the company’s stock worth $3,479,000 after acquiring an additional 44,258 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Schwab High Yield Bond ETF in the 2nd quarter valued at $103,000. Finally, IFP Advisors Inc grew its holdings in shares of Schwab High Yield Bond ETF by 49.9% during the 2nd quarter. IFP Advisors Inc now owns 24,253 shares of the company’s stock valued at $635,000 after purchasing an additional 8,074 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.