Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) Stock Short Interest Drops 48.5%

Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 892,601 shares, a decline of 48.5% from the September 30th total of 1,731,526 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 4,460,687 shares, the short-interest ratio is presently 0.2 days.

Schwab Short-Term U.S. Treasury ETF Stock Up 0.2%

SCHO stock traded up $0.04 during trading on Friday, reaching $24.02. The stock had a trading volume of 2,664,025 shares, compared to its average volume of 4,074,918. Schwab Short-Term U.S. Treasury ETF has a 52 week low of $23.79 and a 52 week high of $24.46. The stock’s 50 day moving average is $23.93 and its two-hundred day moving average is $24.14.

Institutional Investors Weigh In On Schwab Short-Term U.S. Treasury ETF

A number of hedge funds have recently made changes to their positions in SCHO. Kestra Private Wealth Services LLC bought a new stake in shares of Schwab Short-Term U.S. Treasury ETF during the third quarter worth $3,186,000. Farrow Financial Inc. boosted its holdings in Schwab Short-Term U.S. Treasury ETF by 10.3% in the third quarter. Farrow Financial Inc. now owns 332,700 shares of the company’s stock worth $7,938,000 after acquiring an additional 31,035 shares in the last quarter. Provenance Wealth Advisors LLC purchased a new stake in Schwab Short-Term U.S. Treasury ETF during the 3rd quarter worth approximately $91,000. Associated Banc Corp acquired a new position in Schwab Short-Term U.S. Treasury ETF during the 3rd quarter valued at approximately $7,667,000. Finally, Kuhn & Co Investment Counsel raised its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 99.0% in the third quarter. Kuhn & Co Investment Counsel now owns 71,345 shares of the company’s stock worth $1,702,000 after buying an additional 35,502 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.