Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ – Get Free Report) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 88,745 shares, a drop of 40.9% from the June 15th total of 150,087 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average trading volume of 418,337 shares, the short-interest ratio is presently 0.2 days.
Hedge Funds Weigh In On Schwab 1-5 Year Corporate Bond ETF
A number of institutional investors and hedge funds have recently made changes to their positions in SCHJ. Nalls Sherbakoff Group LLC bought a new stake in shares of Schwab 1-5 Year Corporate Bond ETF in the 4th quarter valued at approximately $26,000. Western Wealth Management LLC acquired a new position in Schwab 1-5 Year Corporate Bond ETF during the 1st quarter worth $27,000. Geneos Wealth Management Inc. bought a new position in shares of Schwab 1-5 Year Corporate Bond ETF in the first quarter worth $27,000. LGT Financial Advisors LLC bought a new position in shares of Schwab 1-5 Year Corporate Bond ETF in the third quarter worth $33,000. Finally, Cassaday & Co Wealth Management LLC acquired a new position in shares of Schwab 1-5 Year Corporate Bond ETF during the first quarter valued at $39,000.
Schwab 1-5 Year Corporate Bond ETF Stock Performance
Shares of SCHJ remained flat at $24.57 during mid-day trading on Thursday. The stock had a trading volume of 120,463 shares, compared to its average volume of 226,729. Schwab 1-5 Year Corporate Bond ETF has a fifty-two week low of $24.48 and a fifty-two week high of $25.05. The firm’s 50-day moving average price is $24.61 and its 200 day moving average price is $24.76.
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.
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