Short Interest in Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) Rises By 190.4%

Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 180,931 shares, an increase of 190.4% from the August 15th total of 62,308 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 268,814 shares, the short-interest ratio is presently 0.7 days.

Schwab 1-5 Year Corporate Bond ETF Stock Performance

NYSEARCA SCHJ opened at $24.25 on Friday. Schwab 1-5 Year Corporate Bond ETF has a one year low of $24.24 and a one year high of $25.05. The firm’s fifty day moving average is $24.49 and its two-hundred day moving average is $24.63.

Institutional Investors Weigh In On Schwab 1-5 Year Corporate Bond ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Hartline Investment Corp lifted its stake in shares of Schwab 1-5 Year Corporate Bond ETF by 2,999.5% in the 4th quarter. Hartline Investment Corp now owns 577,290 shares of the company’s stock valued at $14,375,000 after purchasing an additional 558,665 shares during the period. Waverly Advisors LLC acquired a new stake in shares of Schwab 1-5 Year Corporate Bond ETF during the first quarter worth $4,659,000. SlateStone Wealth LLC increased its holdings in Schwab 1-5 Year Corporate Bond ETF by 65.6% in the fourth 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 during the last quarter. Victrix Investment Advisors bought a new stake in Schwab 1-5 Year Corporate Bond ETF in the fourth quarter valued at about $1,788,000. Finally, Yanni & Associates Investment Advisors LLC acquired a new position in Schwab 1-5 Year Corporate Bond ETF in the fourth quarter valued at about $1,693,000.

Schwab 1-5 Year Corporate Bond ETF Company Profile

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.