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

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) saw a significant drop in short interest in February. As of February 27th, there was short interest totaling 335,632 shares, a drop of 82.2% from the February 12th total of 1,880,987 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 3,064,928 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 3,064,928 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Schwab 5-10 Year Corporate Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Steigerwald Gordon & Koch Inc. purchased a new position in Schwab 5-10 Year Corporate Bond ETF during the third quarter worth approximately $28,000. Phillips Financial Management LLC purchased a new stake in shares of Schwab 5-10 Year Corporate Bond ETF in the fourth quarter valued at approximately $28,000. Brown Brothers Harriman & Co. acquired 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 raised its stake 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 during the period. Finally, Cullen Frost Bankers Inc. purchased a new position in shares of Schwab 5-10 Year Corporate Bond ETF during the 3rd quarter valued at approximately $33,000.

Schwab 5-10 Year Corporate Bond ETF Trading Down 0.4%

Schwab 5-10 Year Corporate Bond ETF stock traded down $0.10 during mid-day trading on Tuesday, hitting $22.91. The company had a trading volume of 2,112,925 shares, compared to its average volume of 2,755,053. The company’s fifty day moving average is $23.04 and its 200-day moving average is $23.04. Schwab 5-10 Year Corporate Bond ETF has a 12-month low of $21.59 and a 12-month high of $23.28.

Schwab 5-10 Year Corporate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were issued a $0.0936 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 4.9%.

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.