Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) Sees Significant Decrease in Short Interest

Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 24,384 shares, a decrease of 98.1% from the July 15th total of 1,284,316 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 231,500 shares, the days-to-cover ratio is presently 0.1 days.

Schwab 1-5 Year Corporate Bond ETF Trading Up 0.1%

SCHJ traded up $0.02 on Wednesday, reaching $24.51. The company had a trading volume of 57,644 shares, compared to its average volume of 227,071. Schwab 1-5 Year Corporate Bond ETF has a 52-week low of $24.44 and a 52-week high of $25.05. The business has a 50 day simple moving average of $24.56 and a 200 day simple moving average of $24.70.

Hedge Funds Weigh In On Schwab 1-5 Year Corporate Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Sightline Wealth Advisors LLC lifted its position in Schwab 1-5 Year Corporate Bond ETF by 79.5% in the fourth quarter. Sightline Wealth Advisors LLC now owns 250,184 shares of the company’s stock valued at $6,230,000 after purchasing an additional 110,827 shares during the last quarter. Hartline Investment Corp boosted its holdings in Schwab 1-5 Year Corporate Bond ETF by 2,999.5% in the fourth quarter. Hartline Investment Corp now owns 577,290 shares of the company’s stock valued at $14,375,000 after acquiring an additional 558,665 shares in the last quarter. SlateStone Wealth LLC boosted its stake in shares of Schwab 1-5 Year Corporate Bond ETF by 65.6% during the 4th quarter. SlateStone Wealth LLC now owns 342,171 shares of the company’s stock valued at $8,520,000 after purchasing an additional 135,514 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Schwab 1-5 Year Corporate Bond ETF by 569.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,178 shares of the company’s stock worth $703,000 after acquiring an additional 23,970 shares during the period. Finally, Yanni & Associates Investment Advisors LLC bought a new position in Schwab 1-5 Year Corporate Bond ETF in the fourth quarter worth $1,693,000.

About Schwab 1-5 Year Corporate Bond ETF

The Schwab 1-5 Year Corporate Bond ETF (SCHJ) 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 short-term maturities of 1-5 years. SCHJ was launched on Oct 10, 2019 and is managed by Charles Schwab.