Short Interest in Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Rises By 63.6%

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) saw a large growth in short interest in December. As of December 15th, there was short interest totaling 517,650 shares, a growth of 63.6% from the November 30th total of 316,338 shares. Based on an average daily volume of 854,573 shares, the days-to-cover ratio is presently 0.6 days. Currently, 2.0% of the shares of the company are sold short. Currently, 2.0% of the shares of the company are sold short. Based on an average daily volume of 854,573 shares, the days-to-cover ratio is presently 0.6 days.

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

Shares of NYSEARCA SCHQ traded down $0.07 during trading hours on Friday, reaching $31.84. The stock had a trading volume of 1,112,801 shares, compared to its average volume of 654,618. Schwab Long-Term U.S. Treasury ETF has a twelve month low of $30.24 and a twelve month high of $33.82. The business’s fifty day moving average is $32.32 and its two-hundred day moving average is $31.95.

Hedge Funds Weigh In On Schwab Long-Term U.S. Treasury ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in SCHQ. Farther Finance Advisors LLC boosted its position in Schwab Long-Term U.S. Treasury ETF by 11.2% in the second quarter. Farther Finance Advisors LLC now owns 4,750 shares of the company’s stock valued at $151,000 after buying an additional 479 shares in the last quarter. Carolina Wealth Advisors LLC increased its stake in shares of 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 valued at $18,927,000 after buying an additional 556,285 shares in the last quarter. Thrivent Financial for Lutherans bought a new position in shares of Schwab Long-Term U.S. Treasury ETF in the second quarter valued at about $2,010,000. Centric Wealth Management grew its stake in shares of Schwab Long-Term U.S. Treasury ETF by 8.7% during the second quarter. Centric Wealth Management now owns 143,603 shares of the company’s stock valued at $4,538,000 after purchasing an additional 11,450 shares during the last quarter. Finally, RDA Financial Network increased its holdings in shares of Schwab Long-Term U.S. Treasury ETF by 17.0% in the second quarter. RDA Financial Network now owns 9,317 shares of the company’s stock valued at $297,000 after purchasing an additional 1,353 shares in 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.