Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Short Interest Up 41.2% in March

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 259,198 shares, a growth of 41.2% from the March 15th total of 183,621 shares. Based on an average daily volume of 1,159,493 shares, the short-interest ratio is currently 0.2 days. Approximately 0.9% of the company’s shares are short sold.

Schwab Long-Term U.S. Treasury ETF Price Performance

Shares of NYSEARCA:SCHQ opened at $31.64 on Wednesday. The company’s fifty day moving average is $31.84 and its two-hundred day moving average is $32.07. Schwab Long-Term U.S. Treasury ETF has a 12-month low of $30.24 and a 12-month high of $33.19.

Schwab Long-Term U.S. Treasury ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.1066 per share. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Monday, March 2nd.

Institutional Trading of Schwab Long-Term U.S. Treasury ETF

A number of hedge funds have recently made changes to their positions in SCHQ. PNC Financial Services Group Inc. increased its stake in Schwab Long-Term U.S. Treasury ETF by 229.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 797 shares of the company’s stock valued at $25,000 after buying an additional 555 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of Schwab Long-Term U.S. Treasury ETF during the 4th quarter valued at $45,000. Atlas Capital Advisors Inc. purchased a new position in shares of Schwab Long-Term U.S. Treasury ETF during the 4th quarter valued at $51,000. Smartleaf Asset Management LLC increased its stake in shares of Schwab Long-Term U.S. Treasury ETF by 11,843.5% in the third quarter. Smartleaf Asset Management LLC now owns 2,747 shares of the company’s stock worth $89,000 after acquiring an additional 2,724 shares during the last quarter. Finally, LGT Financial Advisors LLC raised its holdings in shares of Schwab Long-Term U.S. Treasury ETF by 314.8% during the third quarter. LGT Financial Advisors LLC now owns 2,833 shares of the company’s stock worth $92,000 after acquiring an additional 2,150 shares in the last quarter.

About Schwab Long-Term U.S. Treasury ETF

The Schwab Long-Term U.S. Treasury ETF (SCHQ) is an exchange-traded fund that is based on the Bloomberg US Long Treasury index. The fund tracks a market-value weighted Index of U.S. Investment-grade Treasury bonds with remaining maturities of 10 years or more. SCHQ was launched on Oct 10, 2019 and is managed by Charles Schwab.