Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) Short Interest Up 155.5% in August

Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 62,308 shares, a growth of 155.5% from the July 30th total of 24,384 shares. Based on an average trading volume of 220,715 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the company’s stock are sold short.

Schwab 1-5 Year Corporate Bond ETF Stock Performance

SCHJ opened at $24.55 on Friday. The firm’s 50 day moving average is $24.55 and its 200-day moving average is $24.67. Schwab 1-5 Year Corporate Bond ETF has a 52-week low of $24.44 and a 52-week high of $25.05.

Institutional Investors Weigh In On Schwab 1-5 Year Corporate Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SCHJ. Nalls Sherbakoff Group LLC purchased a new position in Schwab 1-5 Year Corporate Bond ETF in the 4th quarter valued at about $26,000. Western Wealth Management LLC purchased a new stake in shares of Schwab 1-5 Year Corporate Bond ETF during the first quarter worth about $27,000. Geneos Wealth Management Inc. purchased a new stake in shares of Schwab 1-5 Year Corporate Bond ETF during the first quarter worth about $27,000. LGT Financial Advisors LLC acquired a new position in shares of Schwab 1-5 Year Corporate Bond ETF in the third quarter worth about $33,000. Finally, Cassaday & Co Wealth Management LLC acquired a new position in shares of Schwab 1-5 Year Corporate Bond ETF in the first quarter worth about $39,000.

Schwab 1-5 Year Corporate Bond ETF Company Profile

The Schwab 1-5 Year Corporate Bond ETF (SCHJ) 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 short-term maturities of 1-5 years. SCHJ was launched on Oct 10, 2019 and is managed by Charles Schwab.