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

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 361,669 shares, a growth of 87.3% from the July 30th total of 193,081 shares. Based on an average trading volume of 1,700,562 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. lifted its holdings in shares of Schwab 5-10 Year Corporate Bond ETF by 104.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 49,945 shares of the company’s stock worth $1,122,000 after acquiring an additional 25,537 shares during the period. Geneos Wealth Management Inc. grew its position in Schwab 5-10 Year Corporate Bond ETF by 946.1% in the first quarter. Geneos Wealth Management Inc. now owns 2,929 shares of the company’s stock valued at $66,000 after acquiring an additional 2,649 shares in the last quarter. XTX Topco Ltd purchased a new stake in Schwab 5-10 Year Corporate Bond ETF during the 2nd quarter worth $201,000. NewEdge Advisors LLC lifted its stake in shares of Schwab 5-10 Year Corporate Bond ETF by 69.1% in the second quarter. NewEdge Advisors LLC now owns 10,040 shares of the company’s stock worth $229,000 after acquiring an additional 4,104 shares in the last quarter. Finally, Peapack Gladstone Financial Corp acquired a new position in shares of Schwab 5-10 Year Corporate Bond ETF in the 2nd quarter valued at approximately $212,000.

Schwab 5-10 Year Corporate Bond ETF Stock Performance

Shares of Schwab 5-10 Year Corporate Bond ETF stock traded down $0.07 during trading on Friday, reaching $22.22. The company’s stock had a trading volume of 1,939,517 shares, compared to its average volume of 2,688,272. The company has a 50-day moving average price of $22.37 and a two-hundred day moving average price of $22.62. Schwab 5-10 Year Corporate Bond ETF has a fifty-two week low of $22.14 and a fifty-two week 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.