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

by · The Markets Daily

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SCHI. Captrust Financial Advisors grew its position in Schwab 5-10 Year Corporate Bond ETF by 14.4% during the second quarter. Captrust Financial Advisors now owns 7,243,804 shares of the company’s stock worth $164,869,000 after buying an additional 913,432 shares in the last quarter. Financial Engines Advisors L.L.C. bought a new position in Schwab 5-10 Year Corporate Bond ETF in the 3rd quarter worth about $12,319,000. Systelligence LLC purchased a new stake in shares of Schwab 5-10 Year Corporate Bond ETF in the 1st quarter valued at about $6,004,000. Caitlin John LLC purchased a new stake in shares of Schwab 5-10 Year Corporate Bond ETF in the 4th quarter valued at about $5,732,000. Finally, AssuredPartners Investment Advisors LLC bought a new stake in shares of Schwab 5-10 Year Corporate Bond ETF during the 4th quarter valued at about $4,720,000.

Schwab 5-10 Year Corporate Bond ETF Price Performance

NYSEARCA SCHI traded up $0.05 on Monday, hitting $22.28. 171,173 shares of the stock traded hands, compared to its average volume of 2,835,040. The business’s fifty day moving average is $22.51 and its two-hundred day moving average is $22.74. Schwab 5-10 Year Corporate Bond ETF has a 12 month low of $22.20 and a 12 month high of $23.28.

About Schwab 5-10 Year Corporate Bond ETF

(Get Free Report)

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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