Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Stock Short Interest Rises 56.8%

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 201,225 shares, a growth of 56.8% from the September 15th total of 128,308 shares. Based on an average daily trading volume, of 2,210,665 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.6% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Tidal Investments LLC raised its stake in Schwab Long-Term U.S. Treasury ETF by 106.3% in the 2nd quarter. Tidal Investments LLC now owns 1,394,729 shares of the company’s stock valued at $43,446,000 after acquiring an additional 718,572 shares during the period. Bank of New York Mellon Corp boosted its position in Schwab Long-Term U.S. Treasury ETF by 102.5% during the first quarter. Bank of New York Mellon Corp now owns 285,707 shares of the company’s stock worth $8,980,000 after purchasing an additional 144,641 shares during the period. World Investment Advisors purchased a new position in shares of Schwab Long-Term U.S. Treasury ETF in the fourth quarter worth about $1,825,000. Compass Financial Management LLC purchased a new position in shares of Schwab Long-Term U.S. Treasury ETF in the second quarter worth about $1,575,000. Finally, Fermata Advisors LLC increased its stake in shares of Schwab Long-Term U.S. Treasury ETF by 87.3% in the second quarter. Fermata Advisors LLC now owns 98,434 shares of the company’s stock worth $3,081,000 after purchasing an additional 45,869 shares in the last quarter.

Schwab Long-Term U.S. Treasury ETF Stock Performance

Shares of SCHQ traded up $0.09 during mid-day trading on Friday, hitting $29.23. The stock had a trading volume of 105,084 shares, compared to its average volume of 903,528. The business has a fifty day moving average price of $29.45 and a 200-day moving average price of $30.43. Schwab Long-Term U.S. Treasury ETF has a 52 week low of $27.99 and a 52 week high of $33.19.

About Schwab Long-Term U.S. Treasury ETF

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.