Short Interest in Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Declines By 18.9%

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) saw a significant drop in short interest in April. As of April 15th, there was short interest totaling 854,886 shares, a drop of 18.9% from the March 31st total of 1,053,487 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 3,092,193 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Schwab 5-10 Year Corporate Bond ETF

Large investors have recently modified their holdings of the stock. Captrust Financial Advisors grew its holdings in Schwab 5-10 Year Corporate Bond ETF by 14.4% during the 2nd quarter. Captrust Financial Advisors now owns 7,243,804 shares of the company’s stock valued at $164,869,000 after purchasing an additional 913,432 shares during the last quarter. Financial Engines Advisors L.L.C. bought a new stake in Schwab 5-10 Year Corporate Bond ETF in the third quarter worth about $12,319,000. Systelligence LLC bought a new stake in Schwab 5-10 Year Corporate Bond ETF in the first quarter worth about $6,004,000. Caitlin John LLC purchased a new position in shares of Schwab 5-10 Year Corporate Bond ETF during the fourth quarter valued at approximately $5,732,000. Finally, Blair William & Co. IL boosted its position in shares of Schwab 5-10 Year Corporate Bond ETF by 161.9% during the third quarter. Blair William & Co. IL now owns 353,955 shares of the company’s stock valued at $8,169,000 after buying an additional 218,781 shares during the period.

Schwab 5-10 Year Corporate Bond ETF Trading Down 0.3%

NYSEARCA SCHI traded down $0.07 during trading hours on Friday, hitting $22.63. 3,953,547 shares of the company were exchanged, compared to its average volume of 2,933,952. Schwab 5-10 Year Corporate Bond ETF has a 52 week low of $22.08 and a 52 week high of $23.28. The stock has a 50-day moving average price of $22.81 and a 200 day moving average price of $22.96.

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.