Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Sees Large Growth in Short Interest

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 284,270 shares, an increase of 122.7% from the July 15th total of 127,648 shares. Approximately 1.1% of the company’s shares are sold short. Based on an average daily trading volume, of 383,240 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of Schwab Long-Term U.S. Treasury ETF

Several institutional investors have recently modified their holdings of the business. LPL Financial LLC lifted its holdings in Schwab Long-Term U.S. Treasury ETF by 108.3% during the 4th quarter. LPL Financial LLC now owns 1,904,417 shares of the company’s stock worth $60,370,000 after buying an additional 990,099 shares during the period. MML Investors Services LLC raised its position in shares of Schwab Long-Term U.S. Treasury ETF by 98.4% during the fourth quarter. MML Investors Services LLC now owns 1,645,892 shares of the company’s stock worth $52,175,000 after acquiring an additional 816,199 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Schwab Long-Term U.S. Treasury ETF by 60.4% in the fourth quarter. JPMorgan Chase & Co. now owns 601,927 shares of the company’s stock worth $19,081,000 after acquiring an additional 226,742 shares during the period. Carolina Wealth Advisors LLC boosted its holdings in Schwab Long-Term U.S. Treasury ETF by 2.7% in the second quarter. Carolina Wealth Advisors LLC now owns 579,543 shares of the company’s stock valued at $18,140,000 after acquiring an additional 15,277 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in Schwab Long-Term U.S. Treasury ETF by 75.6% in the fourth quarter. Cetera Investment Advisers now owns 497,042 shares of the company’s stock valued at $15,756,000 after acquiring an additional 213,942 shares during the last quarter.

Schwab Long-Term U.S. Treasury ETF Trading Down 0.6%

SCHQ traded down $0.18 during trading on Friday, reaching $29.92. 474,085 shares of the company’s stock were exchanged, compared to its average volume of 731,575. Schwab Long-Term U.S. Treasury ETF has a one year low of $29.83 and a one year high of $33.19. The firm has a fifty day moving average price of $30.68 and a two-hundred day moving average price of $31.23.

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.