Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Stock Short Interest Jumps 1,479.6%

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) saw a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 529,539 shares, a growth of 1,479.6% from the October 15th total of 33,523 shares. Based on an average daily volume of 2,694,202 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Valtinson Bruner Financial Planning LLC boosted its position in shares of Schwab 5-10 Year Corporate Bond ETF by 6.9% during the 3rd quarter. Valtinson Bruner Financial Planning LLC now owns 9,496 shares of the company’s stock worth $204,000 after purchasing an additional 615 shares in the last quarter. Advisor Resource Council increased its holdings in shares of Schwab 5-10 Year Corporate Bond ETF by 8.0% in the 3rd quarter. Advisor Resource Council now owns 14,277 shares of the company’s stock valued at $305,000 after purchasing an additional 1,062 shares in the last quarter. Citizens National Bank Trust Department lifted its stake in shares of Schwab 5-10 Year Corporate Bond ETF by 1.4% in the first quarter. Citizens National Bank Trust Department now owns 94,801 shares of the company’s stock valued at $2,150,000 after purchasing an additional 1,312 shares during the period. Godsey & Gibb Inc. acquired a new stake in shares of Schwab 5-10 Year Corporate Bond ETF in the third quarter valued at about $35,000. Finally, Root Financial Partners LLC purchased a new stake in Schwab 5-10 Year Corporate Bond ETF during the third quarter worth about $37,000.

Schwab 5-10 Year Corporate Bond ETF Stock Performance

Shares of SCHI stock traded up $0.01 during trading hours on Wednesday, reaching $21.70. 477,614 shares of the company’s stock were exchanged, compared to its average volume of 2,809,290. The company’s 50 day moving average is $21.70 and its two-hundred day moving average is $22.40. Schwab 5-10 Year Corporate Bond ETF has a 1 year low of $21.24 and a 1 year high of $23.26.

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.