Schwab High Yield Bond ETF (NYSEARCA:SCYB – Get Free Report) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 334,967 shares, an increase of 73.9% from the September 30th total of 192,671 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 1,264,664 shares, the days-to-cover ratio is presently 0.3 days.
Schwab High Yield Bond ETF Stock Performance
Shares of Schwab High Yield Bond ETF stock opened at $25.09 on Wednesday. The stock has a market capitalization of $2.78 billion, a PE ratio of 60.28 and a beta of 0.28. Schwab High Yield Bond ETF has a 52-week low of $24.91 and a 52-week high of $26.65. The company has a 50-day simple moving average of $25.45 and a two-hundred day simple moving average of $26.01.
Institutional Investors Weigh In On Schwab High Yield Bond ETF
Several institutional investors and hedge funds have recently made changes to their positions in the company. CoreCap Advisors LLC boosted its position in shares of Schwab High Yield Bond ETF by 81.9% during the third quarter. CoreCap Advisors LLC now owns 1,890 shares of the company’s stock valued at $48,000 after buying an additional 851 shares during the last quarter. Align Financial LLC bought a new stake in Schwab High Yield Bond ETF in the 3rd quarter worth about $28,000. Bogart Wealth LLC increased its holdings in Schwab High Yield Bond ETF by 5.0% in the 1st quarter. Bogart Wealth LLC now owns 30,455 shares of the company’s stock worth $792,000 after buying an additional 1,447 shares in the last quarter. Davis Capital Management purchased a new position in Schwab High Yield Bond ETF in the 3rd quarter worth about $48,000. Finally, Baird Financial Group Inc. raised its position in Schwab High Yield Bond ETF by 3.2% in the 2nd quarter. Baird Financial Group Inc. now owns 60,974 shares of the company’s stock worth $1,596,000 after buying an additional 1,915 shares during the last quarter.
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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