Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) saw unusually-strong trading volume on Wednesday . Approximately 31,265,181 shares traded hands during trading, an increase of 877% from the previous session’s volume of 3,201,448 shares.The stock last traded at $24.27 and had previously closed at $24.27.

Schwab Short-Term U.S. Treasury ETF Stock Performance

The firm has a 50 day moving average of $24.19 and a 200-day moving average of $24.25.

Hedge Funds Weigh In On Schwab Short-Term U.S. Treasury ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in SCHO. Aegis Wealth Management LLC bought a new position in shares of Schwab Short-Term U.S. Treasury ETF during the 4th quarter worth approximately $616,000. Birmingham Capital Management Co. Inc. AL bought a new position in shares of Schwab Short-Term U.S. Treasury ETF during the fourth quarter valued at $2,478,000. American Investment Services Inc. boosted its stake in shares of Schwab Short-Term U.S. Treasury ETF by 113.8% in the 4th quarter. American Investment Services Inc. now owns 118,223 shares of the company’s stock valued at $2,844,000 after purchasing an additional 62,929 shares in the last quarter. Brucke Financial Inc. acquired a new stake in shares of Schwab Short-Term U.S. Treasury ETF in the 4th quarter valued at $503,000. Finally, B. Riley Wealth Advisors Inc. grew its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 82.1% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 304,928 shares of the company’s stock worth $7,337,000 after purchasing an additional 137,513 shares during the last quarter.

About Schwab Short-Term U.S. Treasury ETF

The Schwab Short-Term U.S. Treasury ETF (SCHO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of debt issued by the US Treasury, excluding STRIPS, with remaining maturity of 1-3 years. SCHO was launched on Aug 5, 2010 and is managed by Charles Schwab.