Short Interest in Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Drops By 18.9%

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) was the target of a large decline in short interest in April. As of April 15th, there was short interest totaling 854,886 shares, a decline of 18.9% from the March 31st total of 1,053,487 shares. Based on an average daily volume of 3,092,193 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the company’s stock are sold short.

Schwab 5-10 Year Corporate Bond ETF Trading Down 0.3%

Shares of NYSEARCA:SCHI traded down $0.07 during trading hours on Friday, hitting $22.63. The company’s stock had a trading volume of 3,953,547 shares, compared to its average volume of 2,933,952. Schwab 5-10 Year Corporate Bond ETF has a 52 week low of $22.08 and a 52 week high of $23.28. The firm’s fifty day moving average price is $22.81 and its 200 day moving average price is $22.96.

Institutional Investors Weigh In On Schwab 5-10 Year Corporate Bond ETF

Several large investors have recently modified their holdings of the business. Captrust Financial Advisors raised its holdings in shares of Schwab 5-10 Year Corporate Bond ETF by 5.0% in the 4th quarter. Captrust Financial Advisors now owns 7,834,234 shares of the company’s stock valued at $179,952,000 after purchasing an additional 369,831 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Schwab 5-10 Year Corporate Bond ETF by 0.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 7,363,237 shares of the company’s stock valued at $169,944,000 after purchasing an additional 26,940 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of Schwab 5-10 Year Corporate Bond ETF by 3.9% in the 2nd quarter. Raymond James Financial Inc. now owns 2,481,036 shares of the company’s stock valued at $56,468,000 after purchasing an additional 94,129 shares in the last quarter. Bouchey Financial Group Ltd raised its holdings in shares of Schwab 5-10 Year Corporate Bond ETF by 9.1% in the 4th quarter. Bouchey Financial Group Ltd now owns 1,427,118 shares of the company’s stock valued at $32,781,000 after purchasing an additional 118,990 shares in the last quarter. Finally, Gunma Bank Ltd. raised its holdings in shares of Schwab 5-10 Year Corporate Bond ETF by 25.9% in the 3rd quarter. Gunma Bank Ltd. now owns 730,000 shares of the company’s stock valued at $16,848,000 after purchasing an additional 150,000 shares in the last quarter.

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.