Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) Stock Short Interest Declines 57.9%

Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) was the target of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 251,386 shares, a drop of 57.9% from the August 31st total of 597,101 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 2,582,492 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Schwab U.S. Aggregate Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Newport Capital Group LLC purchased a new position in shares of Schwab U.S. Aggregate Bond ETF during the fourth quarter valued at approximately $25,000. PNC Financial Services Group Inc. acquired a new position in Schwab U.S. Aggregate Bond ETF in the 1st quarter valued at $37,000. Sachetta LLC raised its holdings in Schwab U.S. Aggregate Bond ETF by 447.6% in the 1st quarter. Sachetta LLC now owns 1,818 shares of the company’s stock valued at $42,000 after acquiring an additional 1,486 shares during the last quarter. MCF Advisors LLC acquired a new position in Schwab U.S. Aggregate Bond ETF in the 4th quarter valued at $51,000. Finally, SouthState Bank Corp lifted its stake in shares of Schwab U.S. Aggregate Bond ETF by 539.3% during the 1st quarter. SouthState Bank Corp now owns 2,212 shares of the company’s stock worth $51,000 after purchasing an additional 1,866 shares during the period.

Schwab U.S. Aggregate Bond ETF Trading Down 0.1%

Schwab U.S. Aggregate Bond ETF stock opened at $22.11 on Wednesday. The stock has a 50-day moving average price of $22.66 and a 200 day moving average price of $22.95. Schwab U.S. Aggregate Bond ETF has a 52 week low of $22.04 and a 52 week high of $23.73.

Schwab U.S. Aggregate Bond ETF Company Profile

The Schwab U.S. Aggregate Bond ETF (SCHZ) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The fund tracks a broad index of U.S. investment grade fixed income securities, including corporate, government, and mortgage-backed securities. SCHZ was launched on Jul 14, 2011 and is managed by Charles Schwab.