Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) Short Interest Up 132.2% in March

Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) was the recipient of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 874,739 shares, a growth of 132.2% from the February 26th total of 376,721 shares. Based on an average trading volume of 2,293,129 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s shares are short sold.

Institutional Trading of Schwab U.S. Aggregate Bond ETF

Several large investors have recently added to or reduced their stakes in SCHZ. Alliance Wealth Management Group raised its stake in shares of Schwab U.S. Aggregate Bond ETF by 3.5% in the 3rd quarter. Alliance Wealth Management Group now owns 1,063,942 shares of the company’s stock valued at $24,971,000 after purchasing an additional 36,009 shares in the last quarter. Fortis Capital Advisors LLC acquired a new position in Schwab U.S. Aggregate Bond ETF in the third quarter worth about $1,053,000. Belpointe Asset Management LLC acquired a new position in Schwab U.S. Aggregate Bond ETF in the third quarter worth about $1,053,000. Farther Finance Advisors LLC increased its holdings in Schwab U.S. Aggregate Bond ETF by 346.8% in the third quarter. Farther Finance Advisors LLC now owns 138,312 shares of the company’s stock valued at $3,246,000 after buying an additional 107,357 shares during the last quarter. Finally, Cedar Mountain Advisors LLC increased its holdings in Schwab U.S. Aggregate Bond ETF by 3.6% in the third quarter. Cedar Mountain Advisors LLC now owns 645,702 shares of the company’s stock valued at $15,155,000 after buying an additional 22,623 shares during the last quarter.

Schwab U.S. Aggregate Bond ETF Stock Performance

Schwab U.S. Aggregate Bond ETF stock opened at $23.05 on Friday. The stock’s 50-day moving average is $23.41 and its 200-day moving average is $23.45. Schwab U.S. Aggregate Bond ETF has a 12 month low of $22.52 and a 12 month high of $23.73.

Schwab U.S. Aggregate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were issued a dividend of $0.0772 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 4.0%.

About Schwab U.S. Aggregate Bond ETF

The Schwab U.S. Aggregate Bond ETF (SCHZ) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The fund tracks a broad index of U.S. investment grade fixed income securities, including corporate, government, and mortgage-backed securities. SCHZ was launched on Jul 14, 2011 and is managed by Charles Schwab.