Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Sees Significant Drop in Short Interest

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 128,308 shares, a decrease of 64.7% from the August 31st total of 363,565 shares. Based on an average daily volume of 1,506,410 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.4% of the shares of the stock are sold short.

Schwab Long-Term U.S. Treasury ETF Stock Down 0.0%

NYSEARCA:SCHQ traded down $0.01 during trading hours on Friday, hitting $28.92. The stock had a trading volume of 2,016,348 shares, compared to its average volume of 856,517. The company has a 50 day simple moving average of $29.93 and a two-hundred day simple moving average of $30.73. Schwab Long-Term U.S. Treasury ETF has a one year low of $28.76 and a one year high of $33.19.

Institutional Investors Weigh In On Schwab Long-Term U.S. Treasury ETF

Large investors have recently added to or reduced their stakes in the business. MML Investors Services LLC increased its stake in Schwab Long-Term U.S. Treasury ETF by 98.4% in the 4th quarter. MML Investors Services LLC now owns 1,645,892 shares of the company’s stock worth $52,175,000 after acquiring an additional 816,199 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of Schwab Long-Term U.S. Treasury ETF by 106.3% in the 2nd quarter. Tidal Investments LLC now owns 1,394,729 shares of the company’s stock valued at $43,446,000 after acquiring an additional 718,572 shares in the last quarter. Carolina Wealth Advisors LLC boosted its position in shares of Schwab Long-Term U.S. Treasury ETF by 2.7% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 579,543 shares of the company’s stock valued at $18,140,000 after acquiring an additional 15,277 shares during the last quarter. Sfmg LLC boosted its position in shares of Schwab Long-Term U.S. Treasury ETF by 14.1% during the 4th quarter. Sfmg LLC now owns 477,113 shares of the company’s stock valued at $15,124,000 after acquiring an additional 58,979 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Schwab Long-Term U.S. Treasury ETF by 102.5% during the first quarter. Bank of New York Mellon Corp now owns 285,707 shares of the company’s stock worth $8,980,000 after purchasing an additional 144,641 shares in the last quarter.

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.