Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Stock Short Interest Rises 1,479.6%

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) was the recipient of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 529,539 shares, an increase of 1,479.6% from the October 15th total of 33,523 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 2,694,202 shares, the short-interest ratio is presently 0.2 days.

Schwab 5-10 Year Corporate Bond ETF Trading Down 0.7%

NYSEARCA SCHI traded down $0.15 during trading on Tuesday, reaching $21.70. The company’s stock had a trading volume of 2,604,093 shares, compared to its average volume of 2,820,145. Schwab 5-10 Year Corporate Bond ETF has a twelve month low of $21.24 and a twelve month high of $23.26. The business’s fifty day moving average price is $21.70 and its 200-day moving average price is $22.40.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. RCS Financial Planning LLC purchased a new stake in Schwab 5-10 Year Corporate Bond ETF during the third quarter worth about $4,052,000. Envestnet Asset Management Inc. grew its position in Schwab 5-10 Year Corporate Bond ETF by 0.4% during the second 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 period. Keeler Thomas Management LLC acquired a new position in Schwab 5-10 Year Corporate Bond ETF during the second quarter worth about $678,000. Citadel Advisors LLC grew its position in Schwab 5-10 Year Corporate Bond ETF by 223.3% during the second quarter. Citadel Advisors LLC now owns 1,008,679 shares of the company’s stock worth $22,836,000 after buying an additional 696,650 shares during the period. Finally, BRIA Capital Group LLC purchased a new position in Schwab 5-10 Year Corporate Bond ETF in the third quarter valued at about $8,796,000.

About Schwab 5-10 Year Corporate Bond ETF

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.