Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Sees Large Drop in Short Interest

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 33,523 shares, a decline of 94.7% from the September 30th total of 634,803 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 3,664,345 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Schwab 5-10 Year Corporate Bond ETF

Several hedge funds have recently modified their holdings of SCHI. Envestnet Asset Management Inc. raised its position in Schwab 5-10 Year Corporate Bond ETF by 0.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,236,543 shares of the company’s stock worth $163,835,000 after buying an additional 28,374 shares during the last quarter. Royal Bank of Canada grew its stake in Schwab 5-10 Year Corporate Bond ETF by 1.0% in the 1st quarter. Royal Bank of Canada now owns 1,097,916 shares of the company’s stock valued at $24,900,000 after acquiring an additional 11,129 shares during the last quarter. Citadel Advisors LLC increased its stake in shares of Schwab 5-10 Year Corporate Bond ETF by 223.3% during the 2nd quarter. Citadel Advisors LLC now owns 1,008,679 shares of the company’s stock worth $22,836,000 after purchasing an additional 696,650 shares in the last quarter. WestHill Financial Advisors Inc. increased its position in Schwab 5-10 Year Corporate Bond ETF by 15.7% during the third quarter. WestHill Financial Advisors Inc. now owns 754,694 shares of the company’s stock worth $16,181,000 after buying an additional 102,666 shares in the last quarter. Finally, Charles Schwab Trust Co lifted its holdings in Schwab 5-10 Year Corporate Bond ETF by 1.8% in the 2nd quarter. Charles Schwab Trust Co now owns 520,480 shares of the company’s stock valued at $11,784,000 after purchasing an additional 9,136 shares in the last quarter.

Schwab 5-10 Year Corporate Bond ETF Stock Up 0.1%

SCHI stock traded up $0.01 on Tuesday, hitting $21.73. The company’s stock had a trading volume of 92,496 shares, compared to its average volume of 2,801,905. The firm has a 50 day moving average of $21.81 and a two-hundred day moving average of $22.48. Schwab 5-10 Year Corporate Bond ETF has a 1 year low of $21.24 and a 1 year high of $23.28.

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.