Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Short Interest Down 48.8% in May

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) was the recipient of a large decrease in short interest in May. As of May 15th, there was short interest totaling 183,087 shares, a decrease of 48.8% from the April 30th total of 357,898 shares. Based on an average daily volume of 490,913 shares, the short-interest ratio is presently 0.4 days. Currently, 0.6% of the shares of the company are short sold.

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

Shares of NYSEARCA:SCHQ traded down $0.19 on Monday, reaching $30.93. 664,973 shares of the company’s stock were exchanged, compared to its average volume of 862,410. The company has a fifty day moving average of $31.18 and a 200-day moving average of $31.73. Schwab Long-Term U.S. Treasury ETF has a twelve month low of $30.11 and a twelve month high of $33.19.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SCHQ. LPL Financial LLC grew its position in shares of Schwab Long-Term U.S. Treasury ETF by 108.3% during the 4th quarter. LPL Financial LLC now owns 1,904,417 shares of the company’s stock worth $60,370,000 after purchasing an additional 990,099 shares in the last quarter. MML Investors Services LLC grew its position in shares of Schwab Long-Term U.S. Treasury ETF by 98.4% during the 4th quarter. MML Investors Services LLC now owns 1,645,892 shares of the company’s stock worth $52,175,000 after purchasing an additional 816,199 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Schwab Long-Term U.S. Treasury ETF by 968.6% during the 4th quarter. Wells Fargo & Company MN now owns 337,890 shares of the company’s stock worth $10,711,000 after purchasing an additional 306,270 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Schwab Long-Term U.S. Treasury ETF by 60.4% during the 4th quarter. JPMorgan Chase & Co. now owns 601,927 shares of the company’s stock worth $19,081,000 after purchasing an additional 226,742 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in shares of Schwab Long-Term U.S. Treasury ETF by 75.6% during the 4th quarter. Cetera Investment Advisers now owns 497,042 shares of the company’s stock worth $15,756,000 after acquiring an additional 213,942 shares in the last quarter.

Schwab Long-Term U.S. Treasury ETF Company Profile

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.