Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Short Interest Update

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) was the target of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 347,086 shares, a decrease of 60.2% from the May 14th total of 873,006 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 2,385,701 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Schwab 5-10 Year Corporate Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SCHI. Phillips Financial Management LLC bought a new position in shares of Schwab 5-10 Year Corporate Bond ETF during the 4th quarter worth approximately $28,000. Brown Brothers Harriman & Co. bought a new position in shares of Schwab 5-10 Year Corporate Bond ETF during the 4th quarter worth approximately $28,000. Root Financial Partners LLC boosted its holdings in shares of Schwab 5-10 Year Corporate Bond ETF by 110.6% during the 4th quarter. Root Financial Partners LLC now owns 1,257 shares of the company’s stock worth $29,000 after buying an additional 660 shares in the last quarter. Triumph Capital Management bought a new position in shares of Schwab 5-10 Year Corporate Bond ETF during the 3rd quarter worth approximately $41,000. Finally, Principia Wealth Advisory LLC boosted its holdings in shares of Schwab 5-10 Year Corporate Bond ETF by 1,254.2% during the 4th quarter. Principia Wealth Advisory LLC now owns 1,923 shares of the company’s stock worth $44,000 after buying an additional 1,781 shares in the last quarter.

Schwab 5-10 Year Corporate Bond ETF Stock Performance

NYSEARCA:SCHI traded down $0.04 on Friday, reaching $22.58. 1,862,706 shares of the stock traded hands, compared to its average volume of 3,102,521. The company’s 50 day moving average is $22.65 and its 200-day moving average is $22.86. Schwab 5-10 Year Corporate Bond ETF has a 1-year low of $22.31 and a 1-year high of $23.28.

About Schwab 5-10 Year Corporate Bond ETF

The Schwab 5-10 Year Corporate Bond ETF (SCHI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-weighted index of USD-denominated investment-grade corporate bonds with intermediate maturities of 5-10 years. SCHI was launched on Oct 10, 2019 and is managed by Charles Schwab.