Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Sees Significant Decline in Short Interest

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) was the target of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 155,703 shares, a decrease of 45.2% from the July 30th total of 284,270 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 452,639 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Schwab Long-Term U.S. Treasury ETF

A number of institutional investors have recently bought and sold shares of SCHQ. LPL Financial LLC boosted its holdings in shares of Schwab Long-Term U.S. Treasury ETF by 108.3% in the 4th quarter. LPL Financial LLC now owns 1,904,417 shares of the company’s stock valued at $60,370,000 after acquiring an additional 990,099 shares during the last quarter. MML Investors Services LLC lifted its position in Schwab Long-Term U.S. Treasury ETF by 98.4% during the fourth quarter. MML Investors Services LLC now owns 1,645,892 shares of the company’s stock valued at $52,175,000 after purchasing an additional 816,199 shares during the period. JPMorgan Chase & Co. lifted its position in Schwab Long-Term U.S. Treasury ETF by 60.4% during the fourth quarter. JPMorgan Chase & Co. now owns 601,927 shares of the company’s stock valued at $19,081,000 after purchasing an additional 226,742 shares during the period. Carolina Wealth Advisors LLC boosted its holdings in Schwab Long-Term U.S. Treasury ETF by 2.7% in the second quarter. Carolina Wealth Advisors LLC now owns 579,543 shares of the company’s stock valued at $18,140,000 after purchasing an additional 15,277 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in Schwab Long-Term U.S. Treasury ETF by 75.6% in the fourth quarter. Cetera Investment Advisers now owns 497,042 shares of the company’s stock valued at $15,756,000 after purchasing an additional 213,942 shares during the last quarter.

Schwab Long-Term U.S. Treasury ETF Trading Down 0.7%

Shares of NYSEARCA:SCHQ traded down $0.20 during trading on Tuesday, hitting $29.85. The stock had a trading volume of 1,190,306 shares, compared to its average volume of 766,523. Schwab Long-Term U.S. Treasury ETF has a 12-month low of $29.64 and a 12-month high of $33.19. The stock has a 50-day simple moving average of $30.46 and a two-hundred day simple moving average of $31.09.

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.