Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Shares Shorted: Short Interest Up 69.3% in September

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 634,803 shares, an increase of 69.3% from the September 15th total of 374,858 shares. Based on an average daily trading volume, of 3,429,685 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On Schwab 5-10 Year Corporate Bond ETF

Several hedge funds have recently modified their holdings of the company. Asset Allocation Strategies LLC lifted its holdings in shares of Schwab 5-10 Year Corporate Bond ETF by 3.7% in the 1st quarter. Asset Allocation Strategies LLC now owns 19,862 shares of the company’s stock valued at $450,000 after buying an additional 713 shares during the period. Citizens National Bank Trust Department grew its holdings in Schwab 5-10 Year Corporate Bond ETF by 1.4% during the first quarter. Citizens National Bank Trust Department now owns 94,801 shares of the company’s stock worth $2,150,000 after acquiring an additional 1,312 shares during the period. Godsey & Gibb Inc. purchased a new position in Schwab 5-10 Year Corporate Bond ETF in the third quarter worth $35,000. Global Trust Asset Management LLC acquired a new stake in Schwab 5-10 Year Corporate Bond ETF in the first quarter valued at $45,000. Finally, GK Wealth Management LLC acquired a new stake in Schwab 5-10 Year Corporate Bond ETF in the third quarter valued at $45,000.

Schwab 5-10 Year Corporate Bond ETF Price Performance

Shares of SCHI traded up $0.14 during trading hours on Thursday, reaching $21.64. 2,251,776 shares of the company traded hands, compared to its average volume of 2,817,332. The business has a fifty day moving average price of $21.90 and a 200-day moving average price of $22.33. Schwab 5-10 Year Corporate Bond ETF has a 12-month low of $21.24 and a 12-month high of $23.28.

Schwab 5-10 Year Corporate Bond ETF Company Profile

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.