Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Sees Large Decline in Short Interest

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 179,275 shares, a drop of 65.5% from the June 30th total of 519,190 shares. Based on an average daily volume of 1,864,596 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Hedge Funds Weigh In On Schwab 5-10 Year Corporate Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. boosted its stake in shares of Schwab 5-10 Year Corporate Bond ETF by 104.6% during the first quarter. Goldman Sachs Group Inc. now owns 49,945 shares of the company’s stock valued at $1,122,000 after purchasing an additional 25,537 shares during the period. Geneos Wealth Management Inc. raised its holdings in Schwab 5-10 Year Corporate Bond ETF by 946.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,929 shares of the company’s stock valued at $66,000 after buying an additional 2,649 shares during the last quarter. XTX Topco Ltd purchased a new stake in Schwab 5-10 Year Corporate Bond ETF during the 2nd quarter valued at $201,000. NewEdge Advisors LLC grew its holdings in Schwab 5-10 Year Corporate Bond ETF by 69.1% in the 2nd quarter. NewEdge Advisors LLC now owns 10,040 shares of the company’s stock worth $229,000 after acquiring an additional 4,104 shares during the last quarter. Finally, Peapack Gladstone Financial Corp bought a new stake in Schwab 5-10 Year Corporate Bond ETF in the 2nd quarter worth $212,000.

Schwab 5-10 Year Corporate Bond ETF Stock Performance

Schwab 5-10 Year Corporate Bond ETF stock traded up $0.05 during mid-day trading on Monday, hitting $22.28. The company’s stock had a trading volume of 171,173 shares, compared to its average volume of 2,835,040. The business has a 50 day moving average price of $22.51 and a 200-day moving average price of $22.74. Schwab 5-10 Year Corporate Bond ETF has a 12 month low of $22.20 and a 12 month high of $23.28.

Schwab 5-10 Year Corporate Bond ETF Company Profile

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