Schwab Municipal Bond ETF (NYSEARCA:SCMB) Shares Shorted: Short Interest Up 351.5% in September

by · The Cerbat Gem

Schwab Municipal Bond ETF (NYSEARCA:SCMB – Get Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 945,232 shares, an increase of 351.5% from the August 31st total of 209,348 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 5,724,490 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Schwab Municipal Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC purchased a new position in shares of Schwab Municipal Bond ETF in the second quarter worth about $50,000. Root Financial Partners LLC lifted its stake in shares of Schwab Municipal Bond ETF by 184.2% during the 4th quarter. Root Financial Partners LLC now owns 3,069 shares of the company’s stock valued at $79,000 after buying an additional 1,989 shares in the last quarter. Clearstead Advisors LLC lifted its stake in shares of Schwab Municipal Bond ETF by 1,818.2% during the 4th quarter. Clearstead Advisors LLC now owns 3,261 shares of the company’s stock valued at $84,000 after buying an additional 3,091 shares in the last quarter. Friedenthal Financial bought a new position in Schwab Municipal Bond ETF in the 1st quarter worth approximately $133,000. Finally, Integrity Investment Advisors LLC bought a new position in Schwab Municipal Bond ETF in the 4th quarter worth approximately $212,000.

Schwab Municipal Bond ETF Stock Down 0.4%

Shares of SCMB stock traded down $0.09 on Friday, hitting $24.13. 4,960,827 shares of the stock were exchanged, compared to its average volume of 1,701,343. Schwab Municipal Bond ETF has a one year low of $24.06 and a one year high of $26.20. The firm’s 50 day moving average is $25.07 and its two-hundred day moving average is $25.44.

Schwab Municipal Bond ETF Company Profile

(Get Free Report)

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.

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