Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ – Get Free Report) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 1,284,316 shares, a growth of 1,347.2% from the June 30th total of 88,745 shares. Based on an average trading volume of 408,000 shares, the short-interest ratio is currently 3.1 days. Currently, 3.7% of the company’s stock are sold short.
Hedge Funds Weigh In On Schwab 1-5 Year Corporate Bond ETF
A number of institutional investors have recently added to or reduced their stakes in SCHJ. Yanni & Associates Investment Advisors LLC lifted its position in Schwab 1-5 Year Corporate Bond ETF by 1.6% during the second quarter. Yanni & Associates Investment Advisors LLC now owns 145,694 shares of the company’s stock valued at $3,593,000 after buying an additional 2,294 shares during the period. Worth Asset Management LLC purchased a new stake in shares of Schwab 1-5 Year Corporate Bond ETF in the 2nd quarter worth about $207,000. Kwmg LLC purchased a new stake in shares of Schwab 1-5 Year Corporate Bond ETF in the 2nd quarter worth about $214,000. MFG Wealth Management Inc. increased its stake in shares of Schwab 1-5 Year Corporate Bond ETF by 2.9% in the 2nd quarter. MFG Wealth Management Inc. now owns 124,377 shares of the company’s stock worth $3,067,000 after acquiring an additional 3,463 shares in the last quarter. Finally, JDM Financial Group LLC bought a new position in shares of Schwab 1-5 Year Corporate Bond ETF in the 1st quarter worth about $99,000.
Schwab 1-5 Year Corporate Bond ETF Stock Up 0.0%
Shares of NYSEARCA:SCHJ traded up $0.01 during trading on Friday, hitting $24.48. The stock had a trading volume of 191,095 shares, compared to its average volume of 226,024. The firm’s fifty day moving average is $24.59 and its 200 day moving average is $24.74. Schwab 1-5 Year Corporate Bond ETF has a 12 month low of $24.45 and a 12 month high of $25.05.
About Schwab 1-5 Year Corporate Bond ETF
The Schwab 1-5 Year Corporate Bond ETF (SCHJ) 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 short-term maturities of 1-5 years. SCHJ was launched on Oct 10, 2019 and is managed by Charles Schwab.
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