Short Interest in Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Drops By 45.2%

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQGet Free Report) was the recipient of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 155,703 shares, a decrease of 45.2% from the July 30th total of 284,270 shares. Based on an average daily volume of 452,639 shares, the short-interest ratio is presently 0.3 days. Currently, 0.6% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SCHQ. Downshift Financial LLC increased its stake in shares of Schwab Long-Term U.S. Treasury ETF by 2.1% in the first quarter. Downshift Financial LLC now owns 21,048 shares of the company’s stock worth $658,000 after purchasing an additional 434 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Schwab Long-Term U.S. Treasury ETF by 229.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 797 shares of the company’s stock valued at $25,000 after buying an additional 555 shares in the last quarter. Mariner LLC boosted its holdings in Schwab Long-Term U.S. Treasury ETF by 9.0% in the 3rd quarter. Mariner LLC now owns 8,535 shares of the company’s stock worth $276,000 after buying an additional 707 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in Schwab Long-Term U.S. Treasury ETF by 4.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 18,070 shares of the company’s stock worth $584,000 after buying an additional 771 shares during the period. Finally, Windsor Advisory Group LLC purchased a new position in Schwab Long-Term U.S. Treasury ETF in the 1st quarter valued at approximately $28,000.

Schwab Long-Term U.S. Treasury ETF Price Performance

Shares of SCHQ stock traded down $0.09 on Friday, reaching $30.17. 1,648,366 shares of the company were exchanged, compared to its average volume of 750,627. The company has a 50-day moving average of $30.48 and a 200-day moving average of $31.11. Schwab Long-Term U.S. Treasury ETF has a one year low of $29.64 and a one year high of $33.19.

Schwab Long-Term U.S. Treasury ETF Company Profile

(Get Free Report)

The Schwab Long-Term U.S. Treasury ETF (SCHQ) is an exchange-traded fund that is based on the Bloomberg US Long Treasury index. The fund tracks a market-value weighted Index of U.S. Investment-grade Treasury bonds with remaining maturities of 10 years or more. SCHQ was launched on Oct 10, 2019 and is managed by Charles Schwab.

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