Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) Sees Significant Growth in Short Interest

Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) saw a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 62,308 shares, an increase of 155.5% from the July 30th total of 24,384 shares. Based on an average daily trading volume, of 220,715 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the shares of the company are sold short.

Schwab 1-5 Year Corporate Bond ETF Stock Down 0.2%

Shares of SCHJ traded down $0.05 during mid-day trading on Friday, hitting $24.50. The company’s stock had a trading volume of 553,532 shares, compared to its average volume of 230,255. The stock’s 50-day moving average is $24.54 and its two-hundred day moving average is $24.67. Schwab 1-5 Year Corporate Bond ETF has a one year low of $24.44 and a one year high of $25.05.

Institutional Trading of Schwab 1-5 Year Corporate Bond ETF

Hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC bought a new position in shares of Schwab 1-5 Year Corporate Bond ETF during the 1st quarter worth about $1,666,000. Geneos Wealth Management Inc. bought a new stake in shares of Schwab 1-5 Year Corporate Bond ETF in the first quarter valued at about $27,000. Raymond James Financial Inc. acquired a new stake in Schwab 1-5 Year Corporate Bond ETF during the second quarter worth about $60,000. Osaic Holdings Inc. grew its position in Schwab 1-5 Year Corporate Bond ETF by 38.7% during the second quarter. Osaic Holdings Inc. now owns 16,751 shares of the company’s stock worth $416,000 after buying an additional 4,677 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Schwab 1-5 Year Corporate Bond ETF by 569.6% during the third quarter. JPMorgan Chase & Co. now owns 28,178 shares of the company’s stock valued at $703,000 after acquiring an additional 23,970 shares during the period.

Schwab 1-5 Year Corporate Bond ETF Company Profile

The Schwab 1-5 Year Corporate Bond ETF (SCHJ) 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 short-term maturities of 1-5 years. SCHJ was launched on Oct 10, 2019 and is managed by Charles Schwab.