Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI – Get Free Report) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 873,006 shares, an increase of 99.1% from the April 30th total of 438,385 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 6,064,476 shares, the days-to-cover ratio is presently 0.1 days.
Schwab 5-10 Year Corporate Bond ETF Stock Down 0.3%
Schwab 5-10 Year Corporate Bond ETF stock traded down $0.07 during midday trading on Wednesday, reaching $22.52. The stock had a trading volume of 1,194,593 shares, compared to its average volume of 3,165,502. The firm’s fifty day simple moving average is $22.66 and its 200-day simple moving average is $22.88. Schwab 5-10 Year Corporate Bond ETF has a 1-year low of $22.23 and a 1-year high of $23.28.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in SCHI. Captrust Financial Advisors boosted its stake in shares of Schwab 5-10 Year Corporate Bond ETF by 14.4% during the 2nd quarter. Captrust Financial Advisors now owns 7,243,804 shares of the company’s stock worth $164,869,000 after acquiring an additional 913,432 shares during the period. Financial Engines Advisors L.L.C. bought a new position in shares of Schwab 5-10 Year Corporate Bond ETF during the 3rd quarter worth approximately $12,319,000. Systelligence LLC bought a new position in shares of Schwab 5-10 Year Corporate Bond ETF during the 1st quarter worth approximately $6,004,000. Caitlin John LLC bought a new position in shares of Schwab 5-10 Year Corporate Bond ETF during the 4th quarter worth approximately $5,732,000. Finally, Blair William & Co. IL boosted its stake in shares of Schwab 5-10 Year Corporate Bond ETF by 161.9% during the 3rd quarter. Blair William & Co. IL now owns 353,955 shares of the company’s stock worth $8,169,000 after acquiring an additional 218,781 shares during the period.
Schwab 5-10 Year Corporate Bond ETF Company Profile
The Schwab 5-10 Year Corporate Bond ETF (SCHI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-weighted index of USD-denominated investment-grade corporate bonds with intermediate maturities of 5-10 years. SCHI was launched on Oct 10, 2019 and is managed by Charles Schwab.
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