Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Short Interest Up 239.2% in January

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) saw a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 1,727,054 shares, a growth of 239.2% from the January 15th total of 509,130 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 2,861,525 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 2,861,525 shares, the short-interest ratio is currently 0.6 days. Currently, 0.4% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Steigerwald Gordon & Koch Inc. purchased a new stake in Schwab 5-10 Year Corporate Bond ETF in the 3rd quarter worth $28,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Schwab 5-10 Year Corporate Bond ETF during the fourth quarter worth about $28,000. Phillips Financial Management LLC purchased a new stake in shares of Schwab 5-10 Year Corporate Bond ETF during the fourth quarter worth about $28,000. Root Financial Partners LLC raised its position in shares of Schwab 5-10 Year Corporate Bond ETF by 110.6% during the 4th quarter. Root Financial Partners LLC now owns 1,257 shares of the company’s stock worth $29,000 after purchasing an additional 660 shares during the last quarter. Finally, Moser Wealth Advisors LLC purchased a new position in Schwab 5-10 Year Corporate Bond ETF in the 2nd quarter valued at about $33,000.

Schwab 5-10 Year Corporate Bond ETF Price Performance

SCHI traded up $0.06 during midday trading on Friday, hitting $23.16. 3,231,790 shares of the company were exchanged, compared to its average volume of 2,643,460. The company’s 50 day simple moving average is $23.00 and its 200 day simple moving average is $23.00. Schwab 5-10 Year Corporate Bond ETF has a 1-year low of $21.59 and a 1-year high of $23.28.

Schwab 5-10 Year Corporate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 6th. Investors of record on Monday, February 2nd were issued a dividend of $0.1014 per share. This represents a c) annualized dividend and a yield of 5.3%. This is a positive change from Schwab 5-10 Year Corporate Bond ETF’s previous monthly dividend of $0.09. The ex-dividend date of this dividend was Monday, February 2nd.

Schwab 5-10 Year Corporate Bond ETF Company Profile

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.