Short Interest in Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Declines By 24.0%
by Renee Jackson · The Cerbat GemSchwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI – Get Free Report) saw a significant drop in short interest in December. As of December 31st, there was short interest totaling 296,527 shares, a drop of 24.0% from the December 15th total of 389,991 shares. Based on an average trading volume of 1,947,133 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 1,947,133 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Trading of Schwab 5-10 Year Corporate Bond ETF
Large investors have recently modified their holdings of the business. Captrust Financial Advisors lifted its stake in shares of Schwab 5-10 Year Corporate Bond ETF by 14.4% in the second quarter. Captrust Financial Advisors now owns 7,243,804 shares of the company’s stock worth $164,869,000 after acquiring an additional 913,432 shares in the last quarter. Financial Engines Advisors L.L.C. acquired a new stake in Schwab 5-10 Year Corporate Bond ETF during the 3rd quarter valued at approximately $12,319,000. Blair William & Co. IL increased its holdings in Schwab 5-10 Year Corporate Bond ETF by 161.9% during the 3rd quarter. Blair William & Co. IL now owns 353,955 shares of the company’s stock worth $8,169,000 after purchasing an additional 218,781 shares during the last quarter. AlphaStar Capital Management LLC acquired a new position in shares of Schwab 5-10 Year Corporate Bond ETF in the 2nd quarter valued at approximately $4,637,000. Finally, Van Strum & Towne Inc. boosted its stake in shares of Schwab 5-10 Year Corporate Bond ETF by 136.1% during the 3rd quarter. Van Strum & Towne Inc. now owns 345,664 shares of the company’s stock valued at $7,978,000 after buying an additional 199,266 shares during the last quarter.
Schwab 5-10 Year Corporate Bond ETF Trading Down 0.2%
Shares of NYSEARCA SCHI traded down $0.05 during trading on Friday, reaching $22.97. 3,120,427 shares of the stock were exchanged, compared to its average volume of 2,177,521. The business’s 50-day moving average price is $23.02 and its 200 day moving average price is $22.95. Schwab 5-10 Year Corporate Bond ETF has a twelve month low of $21.59 and a twelve month high of $23.28.
About Schwab 5-10 Year Corporate Bond ETF
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.