Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Stock Short Interest Declines 94.7%

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 33,523 shares, a decline of 94.7% from the September 30th total of 634,803 shares. Based on an average trading volume of 3,664,345 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in SCHI. DecisionPoint Financial LLC boosted its holdings in Schwab 5-10 Year Corporate Bond ETF by 12.6% in the third quarter. DecisionPoint Financial LLC now owns 181,616 shares of the company’s stock worth $3,883,000 after acquiring an additional 20,332 shares in the last quarter. North Star Investment Management Corp. bought a new position in shares of Schwab 5-10 Year Corporate Bond ETF during the third quarter valued at $141,000. William Mack & Associates Inc. bought a new position in shares of Schwab 5-10 Year Corporate Bond ETF during the third quarter valued at $115,000. Morton Brown Family Wealth LLC raised its position in shares of Schwab 5-10 Year Corporate Bond ETF by 188.4% in the 3rd quarter. Morton Brown Family Wealth LLC now owns 35,140 shares of the company’s stock worth $753,000 after purchasing an additional 22,955 shares during the last quarter. Finally, BRIA Capital Group LLC purchased a new position in shares of Schwab 5-10 Year Corporate Bond ETF in the 3rd quarter worth about $8,796,000.

Schwab 5-10 Year Corporate Bond ETF Stock Performance

Shares of NYSEARCA:SCHI traded down $0.04 during midday trading on Wednesday, hitting $21.70. 3,482,261 shares of the stock traded hands, compared to its average volume of 2,810,860. The business’s 50 day moving average is $21.79 and its two-hundred day moving average is $22.46. Schwab 5-10 Year Corporate Bond ETF has a one year low of $21.24 and a one year high of $23.27.

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.