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

Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) saw a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 82,290 shares, a growth of 138.1% from the January 29th total of 34,554 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 283,468 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 283,468 shares, the short-interest ratio is currently 0.3 days. Approximately 0.3% of the company’s stock are short sold.

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

Shares of NYSEARCA SCHJ traded up $0.03 during mid-day trading on Friday, reaching $25.05. The company had a trading volume of 255,774 shares, compared to its average volume of 247,843. Schwab 1-5 Year Corporate Bond ETF has a twelve month low of $24.23 and a twelve month high of $25.05. The stock’s 50 day moving average is $24.93 and its 200-day moving average is $24.92.

Schwab 1-5 Year Corporate Bond ETF Increases Dividend

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

Hedge Funds Weigh In On Schwab 1-5 Year Corporate Bond ETF

Hedge funds have recently added to or reduced their stakes in the company. Meridian Wealth Management LLC increased its position in Schwab 1-5 Year Corporate Bond ETF by 6.2% in the 3rd quarter. Meridian Wealth Management LLC now owns 395,852 shares of the company’s stock worth $9,875,000 after buying an additional 23,267 shares during the period. Compass Financial Group INC SD grew its stake in shares of Schwab 1-5 Year Corporate Bond ETF by 19.0% in the third quarter. Compass Financial Group INC SD now owns 149,136 shares of the company’s stock worth $3,720,000 after acquiring an additional 23,826 shares during the last quarter. Focus Partners Advisor Solutions LLC acquired a new stake in shares of Schwab 1-5 Year Corporate Bond ETF in the second quarter worth $465,000. White Wing Wealth Management increased its position in Schwab 1-5 Year Corporate Bond ETF by 6.5% during the third quarter. White Wing Wealth Management now owns 345,003 shares of the company’s stock worth $8,594,000 after acquiring an additional 20,970 shares during the period. Finally, Calamos Advisors LLC acquired a new position in Schwab 1-5 Year Corporate Bond ETF during the 2nd quarter valued at $787,000.

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.