Short Interest in Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Drops By 46.8%

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQGet Free Report) was the target of a large decrease in short interest in March. As of March 13th, there was short interest totaling 183,621 shares, a decrease of 46.8% from the February 26th total of 344,906 shares. Based on an average daily volume of 1,300,595 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.6% of the company’s shares are sold short.

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

Shares of SCHQ opened at $31.04 on Friday. The firm’s 50-day moving average price is $31.91 and its 200-day moving average price is $32.14. Schwab Long-Term U.S. Treasury ETF has a 1-year low of $30.24 and a 1-year high of $33.82.

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

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

Institutional Investors Weigh In On Schwab Long-Term U.S. Treasury ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC purchased a new position in shares of Schwab Long-Term U.S. Treasury ETF in the 1st quarter worth approximately $332,000. L2 Asset Management LLC raised its holdings in Schwab Long-Term U.S. Treasury ETF by 7.8% during the 2nd quarter. L2 Asset Management LLC now owns 157,688 shares of the company’s stock valued at $5,029,000 after buying an additional 11,346 shares during the period. Faithward Advisors LLC raised its holdings in Schwab Long-Term U.S. Treasury ETF by 3.8% during the 2nd quarter. Faithward Advisors LLC now owns 425,447 shares of the company’s stock valued at $13,568,000 after buying an additional 15,470 shares during the period. Jane Street Group LLC bought a new stake in Schwab Long-Term U.S. Treasury ETF in the second quarter worth $2,229,000. Finally, Ameriprise Financial Inc. lifted its position in Schwab Long-Term U.S. Treasury ETF by 7.5% in the second quarter. Ameriprise Financial Inc. now owns 287,241 shares of the company’s stock worth $9,161,000 after buying an additional 19,942 shares during the last quarter.

About Schwab Long-Term U.S. Treasury ETF

(Get Free Report)

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.

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