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

Schwab Municipal Bond ETF (NYSEARCA:SCMB) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 199,600 shares, agrowthof501.2% from the July 15th total of 33,200 shares. Based on an average trading volume of 700,500 shares, the short-interest ratio is presently 0.3 days. Approximately0.2% of the company’s stock are sold short. Approximately0.2% of the company’s stock are sold short. Based on an average trading volume of 700,500 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. grew its holdings in shares of Schwab Municipal Bond ETF by 187.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 125,900 shares of the company’s stock valued at $3,233,000 after purchasing an additional 82,150 shares in the last quarter. Mariner LLC raised its holdings in shares of Schwab Municipal Bond ETF by 100.0% in the fourth quarter. Mariner LLC now owns 8,200 shares of the company’s stock worth $211,000 after buying an additional 4,100 shares during the period. CreativeOne Wealth LLC bought a new stake in shares of Schwab Municipal Bond ETF during the fourth quarter worth $211,000. United Capital Financial Advisors LLC boosted its position in Schwab Municipal Bond ETF by 315.2% in the 4th quarter. United Capital Financial Advisors LLC now owns 58,104 shares of the company’s stock valued at $1,492,000 after buying an additional 44,109 shares during the period. Finally, Capital Analysts LLC grew its stake in Schwab Municipal Bond ETF by 228.4% in the fourth quarter. Capital Analysts LLC now owns 2,791 shares of the company’s stock worth $72,000 after purchasing an additional 1,941 shares in the last quarter.

Schwab Municipal Bond ETF Price Performance

Shares of Schwab Municipal Bond ETF stock opened at $25.11 on Friday. The business has a fifty day simple moving average of $25.03 and a two-hundred day simple moving average of $25.22. Schwab Municipal Bond ETF has a 12 month low of $24.21 and a 12 month high of $26.37.

Schwab Municipal Bond ETF Company Profile

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.