Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) Sees Unusually-High Trading Volume – Still a Buy?

Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) shares saw strong trading volume on Wednesday . 3,973,925 shares traded hands during mid-day trading, an increase of 204% from the previous session’s volume of 1,306,139 shares.The stock last traded at $48.55 and had previously closed at $48.59.

Schwab Short-Term U.S. Treasury ETF Stock Up 0.1 %

The stock has a fifty day moving average of $48.79 and a 200-day moving average of $48.30.

Hedge Funds Weigh In On Schwab Short-Term U.S. Treasury ETF

A number of large investors have recently modified their holdings of SCHO. Motco bought a new position in Schwab Short-Term U.S. Treasury ETF in the 1st quarter worth approximately $31,000. Strategic Investment Solutions Inc. IL bought a new position in Schwab Short-Term U.S. Treasury ETF in the second quarter valued at about $51,000. Future Financial Wealth Managment LLC bought a new position in shares of Schwab Short-Term U.S. Treasury ETF in the 1st quarter valued at about $50,000. Fifth Third Bancorp grew its position in shares of Schwab Short-Term U.S. Treasury ETF by 24.6% during the 2nd quarter. Fifth Third Bancorp now owns 1,184 shares of the company’s stock worth $57,000 after buying an additional 234 shares during the period. Finally, Marquette Asset Management LLC acquired a new position in Schwab Short-Term U.S. Treasury ETF in the third quarter valued at approximately $58,000.

About Schwab Short-Term U.S. Treasury ETF

The Schwab Short-Term U.S. Treasury ETF (SCHO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of debt issued by the US Treasury, excluding STRIPS, with remaining maturity of 1-3 years. SCHO was launched on Aug 5, 2010 and is managed by Charles Schwab.