Short Interest in Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Decreases By 35.3%

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 128,561 shares, a drop of 35.3% from the May 31st total of 198,646 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 541,211 shares, the days-to-cover ratio is currently 0.2 days.

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

Shares of SCHQ stock remained flat at $31.03 during trading hours on Friday. The stock had a trading volume of 282,208 shares, compared to its average volume of 794,864. Schwab Long-Term U.S. Treasury ETF has a one year low of $30.11 and a one year high of $33.19. The business’s fifty day simple moving average is $31.06 and its two-hundred day simple moving average is $31.54.

Institutional Trading of Schwab Long-Term U.S. Treasury ETF

Hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. increased its holdings in shares of Schwab Long-Term U.S. Treasury ETF by 229.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 797 shares of the company’s stock worth $25,000 after purchasing an additional 555 shares during the period. Windsor Advisory Group LLC bought a new stake in shares of Schwab Long-Term U.S. Treasury ETF in the first quarter valued at about $28,000. Kestra Advisory Services LLC bought a new stake in shares of Schwab Long-Term U.S. Treasury ETF in the fourth quarter valued at about $45,000. Atlas Capital Advisors Inc. acquired a new stake in Schwab Long-Term U.S. Treasury ETF during the fourth quarter worth about $51,000. Finally, LGT Financial Advisors LLC grew its position in Schwab Long-Term U.S. Treasury ETF by 314.8% during the third quarter. LGT Financial Advisors LLC now owns 2,833 shares of the company’s stock worth $92,000 after buying an additional 2,150 shares in the last quarter.

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

The Schwab Long-Term U.S. Treasury ETF (SCHQ) is an exchange-traded fund that is based on the Bloomberg US Long Treasury index. The fund tracks a market-value weighted Index of U.S. Investment-grade Treasury bonds with remaining maturities of 10 years or more. SCHQ was launched on Oct 10, 2019 and is managed by Charles Schwab.