Short Interest in Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Drops By 65.5%

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHIGet Free Report) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 179,275 shares, a decline of 65.5% from the June 30th total of 519,190 shares. Based on an average trading volume of 1,864,596 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Trading of Schwab 5-10 Year Corporate Bond ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. purchased a new position in Schwab 5-10 Year Corporate Bond ETF in the fourth quarter valued at $28,000. Phillips Financial Management LLC purchased a new position in shares of Schwab 5-10 Year Corporate Bond ETF in the 4th quarter valued at about $28,000. Root Financial Partners LLC increased its stake in shares of Schwab 5-10 Year Corporate Bond ETF by 110.6% in the 4th quarter. Root Financial Partners LLC now owns 1,257 shares of the company’s stock valued at $29,000 after purchasing an additional 660 shares in the last quarter. Triumph Capital Management acquired a new position in Schwab 5-10 Year Corporate Bond ETF in the 3rd quarter worth about $41,000. Finally, Vermillion Wealth Management Inc. acquired a new position in Schwab 5-10 Year Corporate Bond ETF in the 4th quarter worth about $44,000.

Schwab 5-10 Year Corporate Bond ETF Trading Up 0.2%

Schwab 5-10 Year Corporate Bond ETF stock traded up $0.05 during mid-day trading on Tuesday, hitting $22.33. The company had a trading volume of 2,192,151 shares, compared to its average volume of 2,842,571. Schwab 5-10 Year Corporate Bond ETF has a 12-month low of $22.20 and a 12-month high of $23.28. The company’s fifty day moving average is $22.51 and its 200-day moving average is $22.73.

About Schwab 5-10 Year Corporate Bond ETF

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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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