Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR) Sees Large Increase in Short Interest

Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 1,761,231 shares, an increase of 63.9% from the February 26th total of 1,074,607 shares. Based on an average daily volume of 2,922,996 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.3% of the shares of the company are short sold.

Schwab Intermediate-Term U.S. Treasury ETF Trading Up 0.2%

Shares of NYSEARCA SCHR traded up $0.04 during mid-day trading on Friday, reaching $24.76. 3,683,214 shares of the company’s stock were exchanged, compared to its average volume of 2,606,599. The firm has a 50-day moving average price of $25.07 and a two-hundred day moving average price of $25.13. Schwab Intermediate-Term U.S. Treasury ETF has a 52 week low of $24.46 and a 52 week high of $25.42.

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

The business also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were given a $0.0746 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 3.6%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Venture Visionary Partners LLC increased its stake in shares of Schwab Intermediate-Term U.S. Treasury ETF by 0.9% during the 3rd quarter. Venture Visionary Partners LLC now owns 45,897 shares of the company’s stock worth $1,153,000 after purchasing an additional 417 shares during the last quarter. Captrust Financial Advisors lifted its stake in Schwab Intermediate-Term U.S. Treasury ETF by 1.3% in the second quarter. Captrust Financial Advisors now owns 34,454 shares of the company’s stock valued at $862,000 after purchasing an additional 438 shares during the last quarter. Note Advisors LLC lifted its stake in Schwab Intermediate-Term U.S. Treasury ETF by 3.1% in the third quarter. Note Advisors LLC now owns 14,968 shares of the company’s stock valued at $376,000 after purchasing an additional 450 shares during the last quarter. Integrity Advisory Solutions LLC grew its holdings in Schwab Intermediate-Term U.S. Treasury ETF by 4.6% during the fourth quarter. Integrity Advisory Solutions LLC now owns 10,383 shares of the company’s stock valued at $260,000 after purchasing an additional 459 shares during the period. Finally, Ashton Thomas Securities LLC grew its holdings in Schwab Intermediate-Term U.S. Treasury ETF by 9.1% during the fourth quarter. Ashton Thomas Securities LLC now owns 5,634 shares of the company’s stock valued at $141,000 after purchasing an additional 468 shares during the period.

Schwab Intermediate-Term U.S. Treasury ETF Company Profile

The Schwab Intermediate-Term U.S. Treasury ETF (SCHR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment grade debt issued by the US Treasury with remaining maturity of 3-10 years. SCHR was launched on Aug 5, 2010 and is managed by Charles Schwab.