Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Sees Large Drop in Short Interest

by · The Markets Daily

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ – Get Free Report) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 128,308 shares, a drop of 64.7% from the August 31st total of 363,565 shares. Based on an average daily trading volume, of 1,506,410 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.4% of the company’s shares are sold short.

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

SCHQ stock traded down $0.23 during trading on Monday, reaching $28.69. 1,247,047 shares of the stock traded hands, compared to its average volume of 858,629. The business’s 50 day moving average price is $29.89 and its 200-day moving average price is $30.70. Schwab Long-Term U.S. Treasury ETF has a 52-week low of $28.58 and a 52-week high of $33.19.

Institutional Trading of Schwab Long-Term U.S. Treasury ETF

Large investors have recently added to or reduced their stakes in the stock. Downshift Financial LLC grew 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 valued at $658,000 after buying an additional 434 shares in the last quarter. Windsor Advisory Group LLC acquired a new position in Schwab Long-Term U.S. Treasury ETF during the 1st quarter worth approximately $28,000. Wealthgarden F.S. LLC lifted its position in Schwab Long-Term U.S. Treasury ETF by 12.9% during the 4th quarter. Wealthgarden F.S. LLC now owns 8,128 shares of the company’s stock worth $260,000 after acquiring an additional 930 shares in the last quarter. Dogwood Wealth Management LLC boosted its holdings in Schwab Long-Term U.S. Treasury ETF by 1,049.7% in the 2nd quarter. Dogwood Wealth Management LLC now owns 1,920 shares of the company’s stock worth $60,000 after acquiring an additional 1,753 shares during the period. Finally, SouthState Bank Corp purchased a new position in Schwab Long-Term U.S. Treasury ETF in the 1st quarter worth approximately $94,000.

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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