Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) Sees Significant Decrease in Short Interest

Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totaling 817,594 shares, a drop of 49.1% from the May 31st total of 1,606,350 shares. Based on an average trading volume of 1,673,232 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On Schwab U.S. Aggregate Bond ETF

Several hedge funds have recently bought and sold shares of SCHZ. Brighton Jones LLC purchased a new stake in Schwab U.S. Aggregate Bond ETF during the 4th quarter worth about $317,000. AQR Capital Management LLC grew its holdings in shares of Schwab U.S. Aggregate Bond ETF by 15.9% during the first quarter. AQR Capital Management LLC now owns 14,212 shares of the company’s stock worth $329,000 after buying an additional 1,948 shares in the last quarter. Focus Partners Wealth raised its position in shares of Schwab U.S. Aggregate Bond ETF by 28.9% in the first quarter. Focus Partners Wealth now owns 28,189 shares of the company’s stock valued at $653,000 after buying an additional 6,326 shares during the last quarter. Diversify Advisory Services LLC purchased a new position in shares of Schwab U.S. Aggregate Bond ETF during the second quarter valued at approximately $3,099,000. Finally, Raymond James Financial Inc. lifted its stake in shares of Schwab U.S. Aggregate Bond ETF by 35.9% during the second quarter. Raymond James Financial Inc. now owns 865,452 shares of the company’s stock valued at $20,113,000 after buying an additional 228,444 shares during the period.

Schwab U.S. Aggregate Bond ETF Stock Up 0.0%

Shares of NYSEARCA SCHZ traded up $0.01 on Thursday, hitting $23.05. The company’s stock had a trading volume of 1,760,007 shares, compared to its average volume of 2,264,484. The stock has a 50 day moving average of $23.10 and a 200-day moving average of $23.28. Schwab U.S. Aggregate Bond ETF has a 12-month low of $22.77 and a 12-month high of $23.73.

About Schwab U.S. Aggregate Bond ETF

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.