Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) Short Interest Update

Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) was the target of a large decline in short interest in March. As of March 31st, there was short interest totaling 254,187 shares, a decline of 70.9% from the March 15th total of 874,739 shares. Based on an average daily trading volume, of 3,216,632 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Schwab U.S. Aggregate Bond ETF Stock Down 0.2%

SCHZ traded down $0.04 during midday trading on Friday, hitting $23.23. The stock had a trading volume of 1,486,356 shares, compared to its average volume of 2,419,070. Schwab U.S. Aggregate Bond ETF has a 1 year low of $22.52 and a 1 year high of $23.73. The business has a fifty day moving average of $23.37 and a 200 day moving average of $23.43.

Schwab U.S. Aggregate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were given a $0.0772 dividend. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Monday, March 2nd.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its stake in shares of Schwab U.S. Aggregate Bond ETF by 3.7% during the fourth quarter. JPMorgan Chase & Co. now owns 12,588,220 shares of the company’s stock valued at $294,187,000 after purchasing an additional 451,820 shares during the period. Rockbridge Investment Management LCC boosted its stake in shares of Schwab U.S. Aggregate Bond ETF by 12.6% during the 4th quarter. Rockbridge Investment Management LCC now owns 8,957,935 shares of the company’s stock valued at $209,347,000 after purchasing an additional 999,097 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Schwab U.S. Aggregate Bond ETF by 1.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,450,294 shares of the company’s stock valued at $173,387,000 after purchasing an additional 98,660 shares in the last quarter. Avantax Planning Partners Inc. increased its position in shares of Schwab U.S. Aggregate Bond ETF by 3.7% during the fourth quarter. Avantax Planning Partners Inc. now owns 7,447,340 shares of the company’s stock valued at $174,044,000 after buying an additional 264,273 shares during the period. Finally, Charles Schwab Trust Co grew its stake in Schwab U.S. Aggregate Bond ETF by 4.5% in the fourth quarter. Charles Schwab Trust Co now owns 6,215,188 shares of the company’s stock worth $145,249,000 after purchasing an additional 268,364 shares during the period.

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.