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

by · The Cerbat Gem

Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR – Get Free Report) was the recipient of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 1,074,607 shares, a drop of 28.2% from the February 12th total of 1,496,608 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 2,401,573 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 2,401,573 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are sold short.

Schwab Intermediate-Term U.S. Treasury ETF Stock Down 0.0%

SCHR traded down $0.01 during trading on Friday, reaching $24.94. 2,337,482 shares of the company’s stock were exchanged, compared to its average volume of 2,498,663. The business has a 50 day moving average price of $25.11 and a 200 day moving average price of $25.14. Schwab Intermediate-Term U.S. Treasury ETF has a fifty-two week low of $24.46 and a fifty-two week high of $25.42.

Schwab Intermediate-Term U.S. Treasury ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were given a dividend of $0.0746 per share. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Monday, March 2nd.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SCHR. Charles Schwab Investment Management Inc. lifted its stake in Schwab Intermediate-Term U.S. Treasury ETF by 4.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 238,259,660 shares of the company’s stock worth $5,975,552,000 after purchasing an additional 10,065,870 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Schwab Intermediate-Term U.S. Treasury ETF by 11.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 13,681,648 shares of the company’s stock worth $343,724,000 after buying an additional 1,449,980 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Schwab Intermediate-Term U.S. Treasury ETF by 6.2% in the 4th quarter. JPMorgan Chase & Co. now owns 5,200,552 shares of the company’s stock worth $130,430,000 after buying an additional 303,810 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Schwab Intermediate-Term U.S. Treasury ETF by 10.4% during the 3rd quarter. Bank of America Corp DE now owns 4,153,770 shares of the company’s stock worth $104,384,000 after buying an additional 390,772 shares during the period. Finally, Exchange Traded Concepts LLC lifted its position in shares of Schwab Intermediate-Term U.S. Treasury ETF by 46.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 4,029,634 shares of the company’s stock worth $101,063,000 after buying an additional 1,280,247 shares during the period.

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

(Get Free Report)

The Schwab Intermediate-Term U.S. Treasury ETF (SCHR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment grade debt issued by the US Treasury with remaining maturity of 3-10 years. SCHR was launched on Aug 5, 2010 and is managed by Charles Schwab.

Read More