Short Interest in Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) Declines By 27.2%

Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) was the recipient of a significant decline in short interest in March. As of March 13th, there was short interest totaling 144,123 shares, a decline of 27.2% from the February 26th total of 197,974 shares. Based on an average daily trading volume, of 185,960 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.5% of the shares of the stock are sold short.

Schwab 1-5 Year Corporate Bond ETF Stock Up 0.2%

SCHJ opened at $24.66 on Tuesday. The company has a fifty day moving average of $24.87 and a 200 day moving average of $24.90. Schwab 1-5 Year Corporate Bond ETF has a fifty-two week low of $24.23 and a fifty-two week high of $25.05.

Schwab 1-5 Year Corporate Bond 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 issued a dividend of $0.0924 per share. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Monday, March 2nd.

Institutional Investors Weigh In On Schwab 1-5 Year Corporate Bond ETF

Several large investors have recently made changes to their positions in SCHJ. Rockefeller Capital Management L.P. purchased a new stake in shares of Schwab 1-5 Year Corporate Bond ETF in the fourth quarter worth about $772,000. Nalls Sherbakoff Group LLC purchased a new position in Schwab 1-5 Year Corporate Bond ETF during the 4th quarter valued at approximately $26,000. Corient Private Wealth LLC purchased a new position in Schwab 1-5 Year Corporate Bond ETF during the 4th quarter valued at approximately $378,000. Monetary Solutions Ltd purchased a new position in Schwab 1-5 Year Corporate Bond ETF during the 4th quarter valued at approximately $1,284,000. Finally, Compound Planning Inc. increased its stake in Schwab 1-5 Year Corporate Bond ETF by 20.6% in the 4th quarter. Compound Planning Inc. now owns 28,436 shares of the company’s stock worth $708,000 after acquiring an additional 4,866 shares during the last quarter.

Schwab 1-5 Year Corporate Bond ETF Company Profile

The Schwab 1-5 Year Corporate Bond ETF (SCHJ) 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 short-term maturities of 1-5 years. SCHJ was launched on Oct 10, 2019 and is managed by Charles Schwab.