Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR) Sees Large Increase in Short Interest

Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 1,945,325 shares, a growth of 67.4% from the May 14th total of 1,162,024 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 3,407,305 shares, the short-interest ratio is currently 0.6 days.

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

Several hedge funds have recently modified their holdings of SCHR. Clearstead Advisors LLC grew its position in Schwab Intermediate-Term U.S. Treasury ETF by 8.2% in the third quarter. Clearstead Advisors LLC now owns 1,714,017 shares of the company’s stock valued at $43,073,000 after acquiring an additional 130,244 shares during the period. Savvy Advisors Inc. lifted its holdings in shares of Schwab Intermediate-Term U.S. Treasury ETF by 24.6% during the fourth quarter. Savvy Advisors Inc. now owns 166,952 shares of the company’s stock valued at $4,187,000 after acquiring an additional 32,987 shares during the period. Advocate Group LLC boosted its stake in shares of Schwab Intermediate-Term U.S. Treasury ETF by 20.5% in the 4th quarter. Advocate Group LLC now owns 405,405 shares of the company’s stock valued at $10,168,000 after purchasing an additional 69,007 shares in the last quarter. Bouchey Financial Group Ltd boosted its stake in shares of Schwab Intermediate-Term U.S. Treasury ETF by 5.2% in the 3rd quarter. Bouchey Financial Group Ltd now owns 1,279,128 shares of the company’s stock valued at $32,144,000 after purchasing an additional 63,433 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its stake in shares of Schwab Intermediate-Term U.S. Treasury ETF by 28.1% in the 4th quarter. Park Avenue Securities LLC now owns 105,150 shares of the company’s stock valued at $2,637,000 after purchasing an additional 23,065 shares in the last quarter.

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

NYSEARCA:SCHR traded up $0.03 during mid-day trading on Monday, hitting $24.64. 2,109,724 shares of the company’s stock traded hands, compared to its average volume of 2,751,409. The firm has a 50 day moving average of $24.73 and a two-hundred day moving average of $24.96. Schwab Intermediate-Term U.S. Treasury ETF has a 12 month low of $24.42 and a 12 month high of $25.42.

About Schwab Intermediate-Term U.S. Treasury ETF

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.