Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) Sees Significant Decrease in Short Interest

Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) was the target of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 34,554 shares, a decrease of 71.3% from the January 15th total of 120,555 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 223,120 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 223,120 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Schwab 1-5 Year Corporate Bond ETF Trading Down 0.1%

Schwab 1-5 Year Corporate Bond ETF stock traded down $0.02 during midday trading on Wednesday, reaching $24.92. 355,446 shares of the stock traded hands, compared to its average volume of 264,047. The firm has a fifty day moving average price of $24.90 and a two-hundred day moving average price of $24.90. Schwab 1-5 Year Corporate Bond ETF has a fifty-two week low of $24.23 and a fifty-two week high of $25.02.

Schwab 1-5 Year Corporate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 6th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.1015 per share. This represents a c) annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Monday, February 2nd. This is a positive change from Schwab 1-5 Year Corporate Bond ETF’s previous monthly dividend of $0.09.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Geneos Wealth Management Inc. bought a new stake in shares of Schwab 1-5 Year Corporate Bond ETF in the 1st quarter worth $27,000. LGT Financial Advisors LLC bought a new stake in Schwab 1-5 Year Corporate Bond ETF in the third quarter worth about $33,000. AE Wealth Management LLC acquired a new stake in Schwab 1-5 Year Corporate Bond ETF in the 3rd quarter valued at about $35,000. Comerica Bank bought a new position in shares of Schwab 1-5 Year Corporate Bond ETF during the 4th quarter valued at about $50,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Schwab 1-5 Year Corporate Bond ETF in the 2nd quarter worth approximately $60,000.

Schwab 1-5 Year Corporate Bond ETF Company Profile

The Schwab 1-5 Year Corporate Bond ETF (SCHJ) 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 short-term maturities of 1-5 years. SCHJ was launched on Oct 10, 2019 and is managed by Charles Schwab.