Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ – Get Free Report) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 363,565 shares, an increase of 133.5% from the August 15th total of 155,703 shares. Approximately 1.4% of the shares of the company are short sold. Based on an average daily trading volume, of 1,224,644 shares, the short-interest ratio is currently 0.3 days.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. Tidal Investments LLC increased its holdings in shares of Schwab Long-Term U.S. Treasury ETF by 106.3% during the second quarter. Tidal Investments LLC now owns 1,394,729 shares of the company’s stock valued at $43,446,000 after purchasing an additional 718,572 shares during the period. IFP Advisors Inc lifted its holdings in Schwab Long-Term U.S. Treasury ETF by 77.5% in the second quarter. IFP Advisors Inc now owns 55,172 shares of the company’s stock worth $1,727,000 after purchasing an additional 24,084 shares during the period. Citadel Advisors LLC bought a new position in Schwab Long-Term U.S. Treasury ETF in the 2nd quarter valued at about $471,000. Compass Financial Management LLC bought a new position in Schwab Long-Term U.S. Treasury ETF in the 2nd quarter valued at about $1,575,000. Finally, Blalock Williams LLC acquired a new position in Schwab Long-Term U.S. Treasury ETF during the 2nd quarter valued at about $249,000.
Schwab Long-Term U.S. Treasury ETF Stock Performance
SCHQ opened at $29.46 on Monday. Schwab Long-Term U.S. Treasury ETF has a 12 month low of $29.41 and a 12 month high of $33.19. The stock’s 50 day moving average price is $30.18 and its 200 day moving average price is $30.93.
About Schwab Long-Term U.S. Treasury ETF
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.
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