Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR) Short Interest Up 63.9% in March

Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR) saw a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 1,761,231 shares, a growth of 63.9% from the February 26th total of 1,074,607 shares. Based on an average daily volume of 2,922,996 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.3% of the company’s stock are short sold.

Institutional Investors Weigh In On Schwab Intermediate-Term U.S. Treasury ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Aventura Private Wealth LLC bought a new position in Schwab Intermediate-Term U.S. Treasury ETF in the 4th quarter valued at about $25,000. Asset Dedication LLC purchased a new stake in shares of Schwab Intermediate-Term U.S. Treasury ETF in the third quarter worth approximately $26,000. Wealth Watch Advisors INC bought a new position in shares of Schwab Intermediate-Term U.S. Treasury ETF in the third quarter valued at approximately $28,000. GeoWealth Management LLC boosted its position in shares of Schwab Intermediate-Term U.S. Treasury ETF by 335.9% during the third quarter. GeoWealth Management LLC now owns 1,347 shares of the company’s stock valued at $34,000 after buying an additional 1,038 shares during the last quarter. Finally, Triumph Capital Management purchased a new position in shares of Schwab Intermediate-Term U.S. Treasury ETF during the third quarter valued at approximately $34,000.

Schwab Intermediate-Term U.S. Treasury ETF Stock Performance

NYSEARCA SCHR traded up $0.04 during mid-day trading on Friday, hitting $24.76. The company’s stock had a trading volume of 3,683,214 shares, compared to its average volume of 2,606,599. The company’s 50 day simple moving average is $25.07 and its 200 day simple moving average is $25.13. Schwab Intermediate-Term U.S. Treasury ETF has a twelve month low of $24.46 and a twelve month high of $25.42.

Schwab Intermediate-Term U.S. Treasury ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were paid a $0.0746 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, March 2nd.

Schwab Intermediate-Term U.S. Treasury ETF Company Profile

The Schwab Intermediate-Term U.S. Treasury ETF (SCHR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment grade debt issued by the US Treasury with remaining maturity of 3-10 years. SCHR was launched on Aug 5, 2010 and is managed by Charles Schwab.