Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) Sees Significant Growth in Short Interest

Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 180,931 shares, a growth of 190.4% from the August 15th total of 62,308 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 268,814 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of Schwab 1-5 Year Corporate Bond ETF

A number of large investors have recently made changes to their positions in SCHJ. Nalls Sherbakoff Group LLC purchased a new stake in Schwab 1-5 Year Corporate Bond ETF in the fourth quarter valued at approximately $26,000. Western Wealth Management LLC purchased a new position in shares of Schwab 1-5 Year Corporate Bond ETF during the first quarter worth approximately $27,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Schwab 1-5 Year Corporate Bond ETF in the 1st quarter valued at $39,000. Comerica Bank acquired a new position in shares of Schwab 1-5 Year Corporate Bond ETF in the 4th quarter valued at $50,000. Finally, Fifth Third Bancorp purchased a new stake in Schwab 1-5 Year Corporate Bond ETF in the 1st quarter valued at $49,000.

Schwab 1-5 Year Corporate Bond ETF Stock Performance

NYSEARCA SCHJ traded down $0.02 during trading hours on Monday, hitting $24.23. The company had a trading volume of 394,661 shares, compared to its average volume of 232,571. The business has a 50 day moving average of $24.49 and a 200-day moving average of $24.63. Schwab 1-5 Year Corporate Bond ETF has a 1-year low of $24.22 and a 1-year high of $25.05.

About Schwab 1-5 Year Corporate Bond ETF

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.