Short Interest in Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Expands By 71.8%

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) was the target of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 344,906 shares, a growth of 71.8% from the February 12th total of 200,793 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average trading volume of 963,352 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 963,352 shares, the days-to-cover ratio is presently 0.4 days. Approximately 1.2% of the shares of the company are short sold.

Schwab Long-Term U.S. Treasury ETF Trading Down 0.5%

Shares of Schwab Long-Term U.S. Treasury ETF stock traded down $0.15 during trading hours on Friday, hitting $31.40. 962,791 shares of the company’s stock traded hands, compared to its average volume of 875,774. Schwab Long-Term U.S. Treasury ETF has a 12-month low of $30.24 and a 12-month high of $33.82. The company has a fifty day simple moving average of $32.02 and a 200-day simple moving average of $32.16.

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

The business also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were given a $0.1066 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 4.1%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. LPL Financial LLC raised its holdings in shares of Schwab Long-Term U.S. Treasury ETF by 108.3% in the 4th quarter. LPL Financial LLC now owns 1,904,417 shares of the company’s stock worth $60,370,000 after purchasing an additional 990,099 shares during the period. MML Investors Services LLC grew its holdings in Schwab Long-Term U.S. Treasury ETF by 98.4% during the fourth quarter. MML Investors Services LLC now owns 1,645,892 shares of the company’s stock valued at $52,175,000 after purchasing an additional 816,199 shares during the period. JPMorgan Chase & Co. increased its position in Schwab Long-Term U.S. Treasury ETF by 60.4% in the fourth quarter. JPMorgan Chase & Co. now owns 601,927 shares of the company’s stock worth $19,081,000 after buying an additional 226,742 shares during the last quarter. Carolina Wealth Advisors LLC increased its position in Schwab Long-Term U.S. Treasury ETF by 1,885.9% in the third quarter. Carolina Wealth Advisors LLC now owns 585,782 shares of the company’s stock worth $18,927,000 after buying an additional 556,285 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of Schwab Long-Term U.S. Treasury ETF by 75.6% in the fourth quarter. Cetera Investment Advisers now owns 497,042 shares of the company’s stock valued at $15,756,000 after buying an additional 213,942 shares during the period.

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.