Short Interest in Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Rises By 122.7%

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 284,270 shares, an increase of 122.7% from the July 15th total of 127,648 shares. Approximately 1.1% of the company’s stock are short sold. Based on an average daily trading volume, of 383,240 shares, the days-to-cover ratio is currently 0.7 days.

Schwab Long-Term U.S. Treasury ETF Trading Down 0.6%

SCHQ traded down $0.18 during trading on Friday, hitting $29.92. The company had a trading volume of 474,085 shares, compared to its average volume of 731,575. The business has a 50-day moving average of $30.68 and a 200-day moving average of $31.23. Schwab Long-Term U.S. Treasury ETF has a 1-year low of $29.83 and a 1-year high of $33.19.

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

Several hedge funds and other institutional investors have recently bought and sold shares of SCHQ. LPL Financial LLC boosted its holdings in Schwab Long-Term U.S. Treasury ETF by 108.3% in the fourth quarter. LPL Financial LLC now owns 1,904,417 shares of the company’s stock worth $60,370,000 after purchasing an additional 990,099 shares during the period. MML Investors Services LLC raised its stake in Schwab Long-Term U.S. Treasury ETF by 98.4% during the fourth quarter. MML Investors Services LLC now owns 1,645,892 shares of the company’s stock worth $52,175,000 after acquiring an additional 816,199 shares during the period. Wells Fargo & Company MN lifted its holdings in Schwab Long-Term U.S. Treasury ETF by 968.6% in the fourth quarter. Wells Fargo & Company MN now owns 337,890 shares of the company’s stock worth $10,711,000 after acquiring an additional 306,270 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Schwab Long-Term U.S. Treasury ETF by 60.4% in the fourth quarter. JPMorgan Chase & Co. now owns 601,927 shares of the company’s stock valued at $19,081,000 after acquiring an additional 226,742 shares during the period. Finally, Cetera Investment Advisers boosted its stake in Schwab Long-Term U.S. Treasury ETF by 75.6% in the fourth quarter. Cetera Investment Advisers now owns 497,042 shares of the company’s stock valued at $15,756,000 after acquiring an additional 213,942 shares during the period.

About Schwab Long-Term U.S. Treasury ETF

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.