Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Short Interest Update

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) was the recipient of a significant decrease in short interest in February. As of February 27th, there was short interest totaling 335,632 shares, a decrease of 82.2% from the February 12th total of 1,880,987 shares. Based on an average trading volume of 3,064,928 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are short sold. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 3,064,928 shares, the days-to-cover ratio is presently 0.1 days.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Creative Planning grew its position in Schwab 5-10 Year Corporate Bond ETF by 8.6% in the 2nd quarter. Creative Planning now owns 77,651 shares of the company’s stock valued at $1,767,000 after acquiring an additional 6,154 shares in the last quarter. Flow Traders U.S. LLC grew its stake in Schwab 5-10 Year Corporate Bond ETF by 1,039.8% during the 2nd quarter. Flow Traders U.S. LLC now owns 165,144 shares of the company’s stock worth $3,759,000 after purchasing an additional 150,655 shares in the last quarter. Bouchey Financial Group Ltd raised its holdings in Schwab 5-10 Year Corporate Bond ETF by 3.1% in the third quarter. Bouchey Financial Group Ltd now owns 1,308,128 shares of the company’s stock valued at $30,192,000 after acquiring an additional 39,894 shares in the last quarter. Madden Advisory Services Inc. grew its stake in shares of Schwab 5-10 Year Corporate Bond ETF by 44.9% during the third quarter. Madden Advisory Services Inc. now owns 204,314 shares of the company’s stock worth $4,716,000 after purchasing an additional 63,274 shares in the last quarter. Finally, Bank of New Hampshire increased its holdings in shares of Schwab 5-10 Year Corporate Bond ETF by 27.2% in the 3rd quarter. Bank of New Hampshire now owns 173,258 shares of the company’s stock valued at $3,999,000 after acquiring an additional 37,086 shares during the last quarter.

Schwab 5-10 Year Corporate Bond ETF Stock Performance

SCHI stock traded down $0.14 during midday trading on Thursday, reaching $22.66. The stock had a trading volume of 5,324,714 shares, compared to its average volume of 2,806,705. The firm has a fifty day simple moving average of $23.03 and a two-hundred day simple moving average of $23.04. Schwab 5-10 Year Corporate Bond ETF has a 52-week low of $21.59 and a 52-week high of $23.28.

Schwab 5-10 Year Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.0936 per share. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend was Monday, March 2nd.

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.