Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR) Sees Large Drop in Short Interest

Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR) was the recipient of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 1,074,607 shares, a drop of 28.2% from the February 12th total of 1,496,608 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 2,401,573 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 2,401,573 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Trading of Schwab Intermediate-Term U.S. Treasury ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Clearstead Advisors LLC grew its position in Schwab Intermediate-Term U.S. Treasury ETF by 8.2% during the third quarter. Clearstead Advisors LLC now owns 1,714,017 shares of the company’s stock worth $43,073,000 after buying an additional 130,244 shares in the last quarter. Avidian Wealth Enterprises LLC raised its holdings in Schwab Intermediate-Term U.S. Treasury ETF by 3.9% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 2,051,937 shares of the company’s stock valued at $51,565,000 after acquiring an additional 77,125 shares in the last quarter. Belpointe Asset Management LLC lifted its position in shares of Schwab Intermediate-Term U.S. Treasury ETF by 162.4% in the 3rd quarter. Belpointe Asset Management LLC now owns 48,033 shares of the company’s stock worth $1,207,000 after acquiring an additional 29,728 shares during the period. Csenge Advisory Group grew its holdings in shares of Schwab Intermediate-Term U.S. Treasury ETF by 27.5% during the 3rd quarter. Csenge Advisory Group now owns 114,406 shares of the company’s stock worth $2,875,000 after purchasing an additional 24,702 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Schwab Intermediate-Term U.S. Treasury ETF by 82.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 360,038 shares of the company’s stock worth $9,048,000 after purchasing an additional 162,261 shares in the last quarter.

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

Schwab Intermediate-Term U.S. Treasury ETF stock traded down $0.01 on Friday, reaching $24.94. 2,337,482 shares of the stock were exchanged, compared to its average volume of 2,498,663. Schwab Intermediate-Term U.S. Treasury ETF has a twelve month low of $24.46 and a twelve month high of $25.42. The firm has a fifty day moving average price of $25.11 and a two-hundred day moving average price of $25.14.

Schwab Intermediate-Term U.S. Treasury ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were given a dividend of $0.0746 per share. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, March 2nd.

About Schwab Intermediate-Term U.S. Treasury ETF

The Schwab Intermediate-Term U.S. Treasury ETF (SCHR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment grade debt issued by the US Treasury with remaining maturity of 3-10 years. SCHR was launched on Aug 5, 2010 and is managed by Charles Schwab.