Short Interest in Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Decreases By 35.3%

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 128,561 shares, a decrease of 35.3% from the May 31st total of 198,646 shares. Based on an average daily trading volume, of 541,211 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.4% of the shares of the stock are short sold.

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

NYSEARCA:SCHQ opened at $31.02 on Thursday. The company’s 50-day moving average price is $31.07 and its 200-day moving average price is $31.55. Schwab Long-Term U.S. Treasury ETF has a twelve month low of $30.11 and a twelve month high of $33.19.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SCHQ. Downshift Financial LLC boosted its holdings in shares of Schwab Long-Term U.S. Treasury ETF by 2.1% during the 1st quarter. Downshift Financial LLC now owns 21,048 shares of the company’s stock worth $658,000 after purchasing an additional 434 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Schwab Long-Term U.S. Treasury ETF by 229.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 797 shares of the company’s stock valued at $25,000 after purchasing an additional 555 shares during the last quarter. Tortoise Investment Management LLC lifted its position in Schwab Long-Term U.S. Treasury ETF by 16.7% during the third quarter. Tortoise Investment Management LLC now owns 4,440 shares of the company’s stock worth $143,000 after buying an additional 635 shares in the last quarter. Mariner LLC lifted its position in Schwab Long-Term U.S. Treasury ETF by 9.0% during the third quarter. Mariner LLC now owns 8,535 shares of the company’s stock worth $276,000 after buying an additional 707 shares in the last quarter. Finally, Integrated Wealth Concepts LLC boosted its stake in Schwab Long-Term U.S. Treasury ETF by 4.5% during the third quarter. Integrated Wealth Concepts LLC now owns 18,070 shares of the company’s stock worth $584,000 after buying an additional 771 shares during the last quarter.

Schwab Long-Term U.S. Treasury ETF Company Profile

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.