Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Short Interest Update

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 357,898 shares, a growth of 142.4% from the April 15th total of 147,654 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average daily trading volume, of 714,472 shares, the days-to-cover ratio is presently 0.5 days.

Schwab Long-Term U.S. Treasury ETF Stock Performance

SCHQ stock traded down $0.43 during mid-day trading on Friday, reaching $30.42. The company had a trading volume of 612,911 shares, compared to its average volume of 811,617. Schwab Long-Term U.S. Treasury ETF has a one year low of $30.24 and a one year high of $33.19. The stock’s 50-day simple moving average is $31.39 and its two-hundred day simple moving average is $31.86.

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

Hedge funds have recently added to or reduced their stakes in the stock. Park Avenue Securities LLC lifted its stake in Schwab Long-Term U.S. Treasury ETF by 110.4% in the fourth quarter. Park Avenue Securities LLC now owns 388,612 shares of the company’s stock valued at $12,319,000 after buying an additional 203,907 shares during the last quarter. World Investment Advisors bought a new stake in Schwab Long-Term U.S. Treasury ETF in the fourth quarter valued at $1,825,000. Sequoia Financial Advisors LLC lifted its stake in Schwab Long-Term U.S. Treasury ETF by 44.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 83,780 shares of the company’s stock valued at $2,656,000 after buying an additional 25,709 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Schwab Long-Term U.S. Treasury ETF by 52.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 51,418 shares of the company’s stock valued at $1,632,000 after buying an additional 17,733 shares during the last quarter. Finally, Sanctuary Advisors LLC lifted its stake in Schwab Long-Term U.S. Treasury ETF by 91.7% in the fourth quarter. Sanctuary Advisors LLC now owns 71,819 shares of the company’s stock valued at $2,277,000 after buying an additional 34,360 shares during 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.