Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) Short Interest Up 1,347.2% in July

Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 1,284,316 shares, a growth of 1,347.2% from the June 30th total of 88,745 shares. Currently, 3.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 408,000 shares, the short-interest ratio is currently 3.1 days.

Institutional Investors Weigh In On Schwab 1-5 Year Corporate Bond ETF

Large investors have recently bought and sold shares of the business. Hartline Investment Corp grew its stake in shares of Schwab 1-5 Year Corporate Bond ETF by 2,999.5% in the 4th quarter. Hartline Investment Corp now owns 577,290 shares of the company’s stock worth $14,375,000 after buying an additional 558,665 shares in the last quarter. Waverly Advisors LLC bought a new stake in Schwab 1-5 Year Corporate Bond ETF during the first quarter worth approximately $4,659,000. SlateStone Wealth LLC raised its position in Schwab 1-5 Year Corporate Bond ETF by 65.6% during the fourth quarter. SlateStone Wealth LLC now owns 342,171 shares of the company’s stock valued at $8,520,000 after purchasing an additional 135,514 shares during the period. Sightline Wealth Advisors LLC lifted its stake in shares of Schwab 1-5 Year Corporate Bond ETF by 79.5% in the 4th quarter. Sightline Wealth Advisors LLC now owns 250,184 shares of the company’s stock valued at $6,230,000 after purchasing an additional 110,827 shares during the last quarter. Finally, White Wing Wealth Management raised its holdings in Schwab 1-5 Year Corporate Bond ETF by 23.7% during the 4th quarter. White Wing Wealth Management now owns 426,746 shares of the company’s stock valued at $10,626,000 after buying an additional 81,743 shares during the period.

Schwab 1-5 Year Corporate Bond ETF Stock Performance

NYSEARCA SCHJ traded up $0.01 during trading on Friday, hitting $24.48. 191,095 shares of the stock traded hands, compared to its average volume of 226,024. Schwab 1-5 Year Corporate Bond ETF has a 12-month low of $24.45 and a 12-month high of $25.05. The firm has a 50-day simple moving average of $24.59 and a 200-day simple moving average of $24.74.

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.