Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) Sees Large Drop in Short Interest

Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) saw a significant decrease in short interest in August. As of August 31st, there was short interest totaling 597,101 shares, a decrease of 40.0% from the August 15th total of 995,242 shares. Based on an average trading volume of 1,623,285 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the company’s shares are short sold.

Schwab U.S. Aggregate Bond ETF Stock Performance

Schwab U.S. Aggregate Bond ETF stock traded up $0.12 during midday trading on Thursday, hitting $22.51. 2,167,897 shares of the company were exchanged, compared to its average volume of 2,145,440. The company’s fifty day moving average price is $22.76 and its 200-day moving average price is $23.03. Schwab U.S. Aggregate Bond ETF has a fifty-two week low of $22.37 and a fifty-two week high of $23.73.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Newport Capital Group LLC acquired a new position in Schwab U.S. Aggregate Bond ETF in the fourth quarter valued at approximately $25,000. Godfrey Financial Associates Inc. acquired a new stake in shares of Schwab U.S. Aggregate Bond ETF during the 4th quarter worth approximately $25,000. PNC Financial Services Group Inc. acquired a new stake in shares of Schwab U.S. Aggregate Bond ETF during the 1st quarter worth approximately $37,000. Sachetta LLC lifted its holdings in shares of Schwab U.S. Aggregate Bond ETF by 447.6% in the 1st quarter. Sachetta LLC now owns 1,818 shares of the company’s stock worth $42,000 after purchasing an additional 1,486 shares during the last quarter. Finally, MCF Advisors LLC bought a new stake in shares of Schwab U.S. Aggregate Bond ETF in the 4th quarter worth approximately $51,000.

Schwab U.S. Aggregate Bond ETF Company Profile

The Schwab U.S. Aggregate Bond ETF (SCHZ) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The fund tracks a broad index of U.S. investment grade fixed income securities, including corporate, government, and mortgage-backed securities. SCHZ was launched on Jul 14, 2011 and is managed by Charles Schwab.