Schwab Municipal Bond ETF (NYSEARCA:SCMB) Sees Significant Drop in Short Interest

Schwab Municipal Bond ETF (NYSEARCA:SCMB) was the target of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 12,166 shares, a decline of 99.9% from the October 15th total of 8,234,912 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 3,812,350 shares, the short-interest ratio is presently 0.0 days.

Schwab Municipal Bond ETF Stock Down 1.0%

Schwab Municipal Bond ETF stock traded down $0.24 during trading hours on Thursday, hitting $24.86. The stock had a trading volume of 2,292,385 shares, compared to its average volume of 2,141,854. The stock’s 50-day moving average price is $24.53 and its 200-day moving average price is $25.36. Schwab Municipal Bond ETF has a 12-month low of $23.81 and a 12-month high of $26.20.

Institutional Investors Weigh In On Schwab Municipal Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Alteri Wealth LLC lifted its position in Schwab Municipal Bond ETF by 7.3% in the 3rd quarter. Alteri Wealth LLC now owns 34,415 shares of the company’s stock valued at $831,000 after acquiring an additional 2,334 shares in the last quarter. Shared Vision Wealth Group LLC raised its stake in shares of Schwab Municipal Bond ETF by 10.0% in the third quarter. Shared Vision Wealth Group LLC now owns 130,249 shares of the company’s stock worth $3,147,000 after purchasing an additional 11,843 shares during the last quarter. Private Advisor Group LLC bought a new position in shares of Schwab Municipal Bond ETF during the third quarter valued at $331,000. HighTower Advisors LLC bought a new position in shares of Schwab Municipal Bond ETF during the third quarter valued at $860,000. Finally, Harbour Investments Inc. bought a new position in shares of Schwab Municipal Bond ETF during the third quarter valued at $307,000.

About Schwab Municipal Bond ETF

The Schwab Municipal Bond ETF (SCMB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of USD-denominated, investment grade tax-exempt debt, issued by US states and territories with varying maturities. SCMB was launched on Oct 12, 2022 and is managed by Charles Schwab.