Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) Sees Significant Increase in Short Interest

Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 1,606,350 shares, a growth of 242.8% from the May 14th total of 468,587 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 2,518,475 shares, the days-to-cover ratio is currently 0.6 days.

Schwab U.S. Aggregate Bond ETF Stock Performance

SCHZ traded down $0.03 during trading on Friday, hitting $23.09. The stock had a trading volume of 1,660,090 shares, compared to its average volume of 2,319,244. Schwab U.S. Aggregate Bond ETF has a one year low of $22.77 and a one year high of $23.73. The company has a 50 day moving average price of $23.14 and a 200-day moving average price of $23.32.

Institutional Investors Weigh In On Schwab U.S. Aggregate Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in SCHZ. CWM LLC raised its position in shares of Schwab U.S. Aggregate Bond ETF by 2,068.1% in the fourth quarter. CWM LLC now owns 4,022,406 shares of the company’s stock valued at $94,004,000 after buying an additional 3,836,881 shares in the last quarter. Valpey Financial Services LLC raised its position in shares of Schwab U.S. Aggregate Bond ETF by 2,295.2% in the fourth quarter. Valpey Financial Services LLC now owns 3,749,009 shares of the company’s stock valued at $87,614,000 after buying an additional 3,592,488 shares in the last quarter. Modern Wealth Management LLC acquired a new stake in shares of Schwab U.S. Aggregate Bond ETF in the third quarter valued at approximately $27,064,000. Rockbridge Investment Management LCC raised its position in shares of Schwab U.S. Aggregate Bond ETF by 12.6% in the fourth quarter. Rockbridge Investment Management LCC now owns 8,957,935 shares of the company’s stock valued at $209,347,000 after buying an additional 999,097 shares in the last quarter. Finally, NorthRock Partners LLC raised its position in shares of Schwab U.S. Aggregate Bond ETF by 209,215.9% in the third quarter. NorthRock Partners LLC now owns 935,642 shares of the company’s stock valued at $21,960,000 after buying an additional 935,195 shares in the last quarter.

About Schwab U.S. Aggregate Bond ETF

The Schwab U.S. Aggregate Bond ETF (SCHZ) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The fund tracks a broad index of U.S. investment grade fixed income securities, including corporate, government, and mortgage-backed securities. SCHZ was launched on Jul 14, 2011 and is managed by Charles Schwab.