Short Interest in Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) Decreases By 40.9%

Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 88,745 shares, a decline of 40.9% from the June 15th total of 150,087 shares. Based on an average daily volume of 418,337 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.3% of the shares of the company are sold short.

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

Large investors have recently modified their holdings of the business. Jane Street Group LLC bought a new stake in shares of Schwab 1-5 Year Corporate Bond ETF during the first quarter valued at approximately $1,666,000. Geneos Wealth Management Inc. purchased a new stake in shares of Schwab 1-5 Year Corporate Bond ETF during the first quarter valued at $27,000. Raymond James Financial Inc. purchased a new stake in shares of Schwab 1-5 Year Corporate Bond ETF during the second quarter valued at $60,000. Osaic Holdings Inc. increased its position in shares of Schwab 1-5 Year Corporate Bond ETF by 38.7% in the 2nd quarter. Osaic Holdings Inc. now owns 16,751 shares of the company’s stock valued at $416,000 after acquiring an additional 4,677 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Schwab 1-5 Year Corporate Bond ETF by 569.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 28,178 shares of the company’s stock valued at $703,000 after acquiring an additional 23,970 shares during the period.

Schwab 1-5 Year Corporate Bond ETF Stock Performance

Shares of Schwab 1-5 Year Corporate Bond ETF stock remained flat at $24.57 on Thursday. The stock had a trading volume of 120,463 shares, compared to its average volume of 226,729. The company has a fifty day moving average price of $24.61 and a 200 day moving average price of $24.76. Schwab 1-5 Year Corporate Bond ETF has a 52 week low of $24.48 and a 52 week high of $25.05.

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.