Short Interest in Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) Expands By 126.5%

Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 995,242 shares, an increase of 126.5% from the July 30th total of 439,316 shares. Based on an average daily volume of 1,706,665 shares, the short-interest ratio is presently 0.6 days. Approximately 0.2% of the shares of the stock are sold short.

Schwab U.S. Aggregate Bond ETF Price Performance

Shares of SCHZ stock traded down $0.06 on Friday, hitting $22.79. 1,530,639 shares of the company’s stock were exchanged, compared to its average volume of 2,116,361. Schwab U.S. Aggregate Bond ETF has a 12 month low of $22.69 and a 12 month high of $23.73. The company has a 50 day moving average of $22.90 and a 200 day moving average of $23.12.

Institutional Investors Weigh In On Schwab U.S. Aggregate Bond ETF

A number of hedge funds have recently made changes to their positions in SCHZ. Godfrey Financial Associates Inc. bought a new position in Schwab U.S. Aggregate Bond ETF in the 4th quarter valued at approximately $25,000. Newport Capital Group LLC bought a new stake in shares of Schwab U.S. Aggregate Bond ETF during the fourth quarter worth $25,000. LGT Financial Advisors LLC increased its holdings in shares of Schwab U.S. Aggregate Bond ETF by 868.6% during the third quarter. LGT Financial Advisors LLC now owns 1,172 shares of the company’s stock worth $28,000 after buying an additional 1,051 shares in the last quarter. Gilpin Wealth Management LLC acquired a new position in shares of Schwab U.S. Aggregate Bond ETF during the fourth quarter worth $28,000. Finally, PNC Financial Services Group Inc. bought a new position in shares of Schwab U.S. Aggregate Bond ETF in the 1st quarter valued at $37,000.

About Schwab U.S. Aggregate Bond ETF

The Schwab U.S. Aggregate Bond ETF (SCHZ) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The fund tracks a broad index of U.S. investment grade fixed income securities, including corporate, government, and mortgage-backed securities. SCHZ was launched on Jul 14, 2011 and is managed by Charles Schwab.