Short Interest in Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Grows By 87.3%

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 361,669 shares, an increase of 87.3% from the July 30th total of 193,081 shares. Based on an average daily trading volume, of 1,700,562 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Schwab 5-10 Year Corporate Bond ETF Price Performance

NYSEARCA SCHI traded down $0.07 during trading hours on Friday, hitting $22.22. The company had a trading volume of 1,939,517 shares, compared to its average volume of 2,688,272. Schwab 5-10 Year Corporate Bond ETF has a fifty-two week low of $22.14 and a fifty-two week high of $23.28. The business has a fifty day simple moving average of $22.37 and a 200-day simple moving average of $22.62.

Institutional Trading of Schwab 5-10 Year Corporate Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in SCHI. Goldman Sachs Group Inc. boosted its stake in shares of Schwab 5-10 Year Corporate Bond ETF by 104.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 49,945 shares of the company’s stock worth $1,122,000 after acquiring an additional 25,537 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Schwab 5-10 Year Corporate Bond ETF by 946.1% during the first quarter. Geneos Wealth Management Inc. now owns 2,929 shares of the company’s stock valued at $66,000 after acquiring an additional 2,649 shares during the period. XTX Topco Ltd purchased a new stake in shares of Schwab 5-10 Year Corporate Bond ETF in the 2nd quarter valued at approximately $201,000. NewEdge Advisors LLC lifted its position in shares of Schwab 5-10 Year Corporate Bond ETF by 69.1% in the 2nd quarter. NewEdge Advisors LLC now owns 10,040 shares of the company’s stock valued at $229,000 after acquiring an additional 4,104 shares in the last quarter. Finally, Peapack Gladstone Financial Corp acquired a new position in Schwab 5-10 Year Corporate Bond ETF in the 2nd quarter worth approximately $212,000.

Schwab 5-10 Year Corporate Bond ETF Company Profile

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