Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) Short Interest Up 82.9% in July

Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 1,433,258 shares, an increase of 82.9% from the July 15th total of 783,829 shares. Based on an average daily trading volume, of 2,405,459 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the shares of the stock are short sold.

Schwab Short-Term U.S. Treasury ETF Price Performance

Shares of Schwab Short-Term U.S. Treasury ETF stock remained flat at $24.10 on Friday. 2,239,501 shares of the stock traded hands, compared to its average volume of 3,511,456. The company’s 50 day moving average price is $24.09 and its 200-day moving average price is $24.20. Schwab Short-Term U.S. Treasury ETF has a 52-week low of $24.02 and a 52-week high of $24.46.

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

Hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE grew its position in shares of Schwab Short-Term U.S. Treasury ETF by 3.2% during the fourth quarter. Bank of America Corp DE now owns 122,501,159 shares of the company’s stock valued at $2,985,353,000 after purchasing an additional 3,835,325 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Schwab Short-Term U.S. Treasury ETF by 5.7% during the second quarter. Ameriprise Financial Inc. now owns 23,077,707 shares of the company’s stock valued at $570,775,000 after buying an additional 1,237,815 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Schwab Short-Term U.S. Treasury ETF by 6.9% during the fourth quarter. JPMorgan Chase & Co. now owns 21,107,647 shares of the company’s stock valued at $514,393,000 after buying an additional 1,357,429 shares during the last quarter. Valpey Financial Services LLC grew its holdings in Schwab Short-Term U.S. Treasury ETF by 2,499.8% during the 4th quarter. Valpey Financial Services LLC now owns 5,246,793 shares of the company’s stock valued at $127,864,000 after buying an additional 5,044,981 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Schwab Short-Term U.S. Treasury ETF by 5.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,104,187 shares of the company’s stock valued at $99,609,000 after buying an additional 227,884 shares in the last quarter.

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

The Schwab Short-Term U.S. Treasury ETF (SCHO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of debt issued by the US Treasury, excluding STRIPS, with remaining maturity of 1-3 years. SCHO was launched on Aug 5, 2010 and is managed by Charles Schwab.