Short Interest in Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Expands By 71.7%

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 509,130 shares, a growth of 71.7% from the December 31st total of 296,527 shares. Based on an average daily volume of 2,083,284 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 2,083,284 shares, the days-to-cover ratio is currently 0.2 days.

Schwab 5-10 Year Corporate Bond ETF Trading Down 0.0%

Shares of Schwab 5-10 Year Corporate Bond ETF stock traded down $0.01 during trading hours on Friday, reaching $23.02. 5,732,705 shares of the company’s stock were exchanged, compared to its average volume of 2,472,350. The company has a 50 day moving average of $23.02 and a two-hundred day moving average of $22.98. Schwab 5-10 Year Corporate Bond ETF has a fifty-two week low of $21.59 and a fifty-two week high of $23.28.

Institutional Investors Weigh In On Schwab 5-10 Year Corporate Bond ETF

Several large investors have recently made changes to their positions in SCHI. Goldman Sachs Group Inc. raised its stake in Schwab 5-10 Year Corporate Bond ETF by 104.6% during the first quarter. Goldman Sachs Group Inc. now owns 49,945 shares of the company’s stock worth $1,122,000 after acquiring an additional 25,537 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Schwab 5-10 Year Corporate Bond ETF by 946.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,929 shares of the company’s stock valued at $66,000 after purchasing an additional 2,649 shares during the last quarter. Capital Investment Advisors LLC increased its position in Schwab 5-10 Year Corporate Bond ETF by 31.5% during the 2nd quarter. Capital Investment Advisors LLC now owns 12,178 shares of the company’s stock worth $277,000 after purchasing an additional 2,918 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in Schwab 5-10 Year Corporate Bond ETF during the 2nd quarter worth approximately $125,000. Finally, Berkshire Money Management Inc. bought a new position in Schwab 5-10 Year Corporate Bond ETF in the 2nd quarter valued at approximately $39,000.

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.