Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) Short Interest Update
by Doug Wharley · The Cerbat GemSchwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO – Get Free Report) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 520,881 shares, a drop of 70.1% from the May 31st total of 1,741,107 shares. Based on an average daily volume of 4,059,411 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are short sold.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Western Wealth Management LLC raised its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 118.6% in the first quarter. Western Wealth Management LLC now owns 63,922 shares of the company’s stock valued at $1,551,000 after acquiring an additional 34,676 shares in the last quarter. Stillwater Private Wealth LLC purchased a new stake in shares of Schwab Short-Term U.S. Treasury ETF in the 1st quarter worth approximately $962,000. NewEdge Advisors LLC increased its holdings in Schwab Short-Term U.S. Treasury ETF by 12.6% during the first quarter. NewEdge Advisors LLC now owns 145,087 shares of the company’s stock valued at $3,521,000 after buying an additional 16,199 shares during the period. Immaculate Wealth Management LLC purchased a new position in Schwab Short-Term U.S. Treasury ETF during the first quarter valued at approximately $358,000. Finally, Allen Capital Group LLC bought a new position in Schwab Short-Term U.S. Treasury ETF in the first quarter worth approximately $6,666,000.
Schwab Short-Term U.S. Treasury ETF Trading Up 0.1%
Shares of NYSEARCA SCHO traded up $0.02 during mid-day trading on Friday, reaching $24.15. The company had a trading volume of 2,693,685 shares, compared to its average volume of 3,699,038. Schwab Short-Term U.S. Treasury ETF has a 52 week low of $24.06 and a 52 week high of $24.46. The business’s 50-day moving average is $24.16 and its 200-day moving average is $24.27.
About Schwab Short-Term U.S. Treasury ETF
The Schwab Short-Term U.S. Treasury ETF (SCHO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of debt issued by the US Treasury, excluding STRIPS, with remaining maturity of 1-3 years. SCHO was launched on Aug 5, 2010 and is managed by Charles Schwab.