Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Short Interest Update

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) was the recipient of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 264,497 shares, a decline of 21.2% from the February 26th total of 335,632 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 3,139,375 shares, the short-interest ratio is presently 0.1 days.

Schwab 5-10 Year Corporate Bond ETF Trading Up 0.6%

NYSEARCA:SCHI traded up $0.13 during midday trading on Tuesday, reaching $22.68. 4,039,397 shares of the stock traded hands, compared to its average volume of 2,993,064. Schwab 5-10 Year Corporate Bond ETF has a 12-month low of $21.59 and a 12-month high of $23.28. The business has a 50-day moving average of $22.93 and a two-hundred day moving average of $23.01.

Schwab 5-10 Year Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.0936 per share. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Monday, March 2nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. lifted its stake in shares of Schwab 5-10 Year Corporate Bond ETF by 104.6% during the first quarter. Goldman Sachs Group Inc. now owns 49,945 shares of the company’s stock worth $1,122,000 after buying an additional 25,537 shares during the period. Geneos Wealth Management Inc. increased its position in shares of Schwab 5-10 Year Corporate Bond ETF by 946.1% in the 1st 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 position in Schwab 5-10 Year Corporate Bond ETF in the 2nd quarter worth $201,000. J.W. Cole Advisors Inc. purchased a new position in Schwab 5-10 Year Corporate Bond ETF in the 2nd quarter worth $328,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Schwab 5-10 Year Corporate Bond ETF by 2.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 22,098 shares of the company’s stock worth $503,000 after acquiring an additional 619 shares during the period.

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.